National parks

/in /by

 

The provision of outdoor attractions such as national parks is described as a market failure because?

 

there is no market or no demand for outdoor recreation.
too many tourists visit national parks and they can exceed the carrying capacity of the area.
forces of demand and supply usually determine admission and user fees.
it is used less frequently (usually on holidays and weekends) and low amount of profit is generated.
governments do not have good park management policies and regulations.