Which is one of the four major reasons markets fail?
A) too much competition
B) no externalities
C) a mismatch of information
D) private ownership of resources
Correct Answer:
Verified
Q126: Which of these is NOT correct? Price
Q127: (Figure: Understanding Price Ceilings and Floors) In
Q128: Total surplus is maximized at a price
Q129: (Figure: Determining Surplus 3) In the graph,
Q130: In 2019, China was struggling with African
Q132: (Figure: Determining Surplus 3) In the graph,
Q133: (Figure: Determining Surplus 2) In the graph,
Q134: (Figure: Determining Surplus and Loss) Consider the
Q135: If consumer surplus is $6 million and
Q136: Suppose that a major hurricane hits Florida,
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents