Economics · Environmental Economics
Which of the following is NOT a true characteristic of the contingent valuation method (CVM)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1It is used under the conditions of market failure to value public goods
- 2It is restricted for usage only in cases of air pollution assessment✓
- 3It is based on the maximum willingness to pay by consumers
- 4It is an economic non-market based valuation method
Correct answer
It is restricted for usage only in cases of air pollution assessment
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Environmental Economics MCQs →Want more practice questions on Environmental Economics?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Environmental Economics