Which one of the following is not a source of market failure?
A) externalities
B) public goods
C) imperfect information
D) price ceilings
Correct Answer:
Verified
Q122: Absent externalities and public goods, a perfectly
Q127: Open, competitive output markets ensure that households
Q128: Houston trades his golf club for Austin's
Q129: A perfectly competitive system is efficient.
Q130: Society will produce _ if price and
Q132: Society will produce the efficient mix of
Q136: Price reflects the value households place on
Q137: Assume that the marginal cost of producing
Q139: If after a change in an allocation
Q140: Sources of market failure include
A) private goods.
B)
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