When market failure occurs,the role of government is to
A) Eliminate markets.
B) Push market outcomes closer to the ideal.
C) Create an alternative to markets.
D) Do nothing.
Correct Answer:
Verified
Q2: Market failure leads to
A)An equitable distribution of
Q3: The optimal mix of output may not
Q4: A private good
A)Is consumed by one person
Q5: The market
A)On its own may not always
Q6: The optimal mix of output is the
Q7: Which of the following is most likely
Q8: If production in the economy is efficient,then
Q9: The most desirable combination of output attainable
Q10: In a market economy,producers will produce the
Q11: Which of the following is an example
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