The information below pertains to Stellar Company for 2021. Net income for the year$1,240,000 7% convertible bonds issued at par ($1,000 per bond); each bond is convertible into 30 shares of common stock1,970,000 6% convertible, cumulative preferred stock, $100 par value; each share is convertible into 3 shares of common stock3,970,000 Common stock, $10 par value6,010,000 Tax rate for 202120% Average market price of common stock$25 per share

1. which one of the following would be an example of a supply-side market failure? a. a gas station is slowly leaking diesel fuel from its underground tanks, and after the leak is discovered, the business immediately cleans up the pollution at its own expense. b. a gas station is slowly leaking diesel fuel from its underground tanks, but the state uses taxpayer money to clean up the pollution rather than requiring the business to pay. c. your business wants to attract repeat customers by putting on a customer-appreciation picnic at a public park, but you decide not to because you couldn't prevent noncustomers from consuming the food and entertainment you provided. d. everyone rushes to the local retail outlet at midnight on the day of the release of a new video game console, and the store runs out before everyone is able to buy one.