Which of the following is a source of government failure but is not typically an example of market failure?

Question

Quizplus · Accepted Answer

Waste is a source of government failure as it can result from inefficient and ineffective government policies or programs. However, it does not necessarily indicate a market failure as it may not involve market forces or interactions. Monopoly, externalities, and inequity are all examples of market failures.

Which of the Following Is a Source of Government Failure