The lack of property rights and inaccuracy of prices as economic signals often lead to:
A)too much competition in markets.
B)an increase in consumer surplus and a decrease in producer surplus.
C)an increase in total surplus.
D)market failure.

Question

Quizplus · Accepted Answer

The lack of property rights and inaccuracy of prices as economic signals often lead to market failure, where resources are not allocated efficiently and outcomes are not socially optimal. This can happen in a variety of ways, such as overuse or depletion of common resources, underinvestment in public goods, or monopolies with excessive market power.

The Lack of Property Rights and Inaccuracy of Prices as Economic