The market
A) On its own may not always provide the optimal mix of goods and services.
B) Always provides the optimal mix of goods and services.
C) Always provides a better mix of goods and services without government intervention than it does with government intervention.
D) May not produce the optimal mix of output, which is known as government failure.
Correct Answer:
Verified
Q1: When market failure occurs,the role of government
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
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
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