Say someone has a rattlesnake as a pet, and it gets on the loose in a place that doesn't usually have rattlesnakes - having pets like that is kind of a danger to people who live around you, kind of like nuclear weapons are (nukes could detonate and harm neighbors, exotic pets could escape and harm neighbors).
For that matter, how does the government deal with this issue now?
How would the free market deal with it as opposed to what system that deals with it now?