Which of the following is possible when the market fails?
A) The mix of goods and services is on the production possibilities curve.
B) It is impossible for government intervention to improve the mix of goods and services.
C) The mix of goods and services is at the correct point on the production possibilities curve.
D) The mix of goods and services is the optimal mix.
Correct Answer:
Verified
Q14: The market
A)On its own may not always
Q15: Q16: From an economic standpoint,government intervention may be Q17: Market failure may lead to Q18: The term market mechanism refers to Q20: The optimal mix of output may not Q21: The central question in determining whether a Q22: The market tends to underproduce public goods Q23: Which of the following explains what would Q24: Which of the following explains why flood
A)An equitable distribution
A)The use
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