Market _________ results when the outcome generated by supply and demand is not an optimal allocation of resources.
Correct Answer:
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Q45: Government can correct for negative externalities by
A)
Q46: If the production of a good results
Q47: A government subsidy is typically used
A) to
Q48: The theory of contestable markets asserts that
A)
Q49: The subsidization of medical care through insurance
Q51: Market failure occurs when the price consumers
Q52: To the extent that there is market
Q53: A negative externality arises when production or
Q54: When production of a good generates negative
Q55: When consumption of a good generates positive
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