Which of the following is the best example of a market failure that would lead a firm to extract resources at a rate that is faster than the rate that would maximize its long-term stream of profits?

A) The market price of the resource rises.
B) Weak property rights create fears that firms will not be allowed to extract in the future.
C) An increase in market interest rates.
D) New information suggests that the demand for the resource will be greater in the future.

Weak property rights create uncertainty about future access to the resource, which can lead a firm to extract resources faster than the optimal rate to ensure that they can secure as much of the resource as possible before facing restrictions on extraction. This can lead to a depletion of the resource and damage to the environment, resulting in a market failure. The other options do not necessarily lead to a market failure that would cause a firm to extract resources at an unsustainable rate.