Economists use the term "market failure" to refer to those free- market situations where
A) externalities are present in the economy.
B) government has intervened in the economy.
C) allocatively efficient outcomes are not achieved.
D) the economy is not in equilibrium.
E) income is not distributed equitably.
Correct Answer:
Verified
Q20: A plausible example of market failure due
Q21: When prices are determined in a free-
Q22: The diagram below shows the marginal benefit
Q23: Private markets will always provide too few
Q24: FIGURE 16- 1 Q26: The diagram below shows demand and supply Q27: The efficient price to charge consumers for Q28: Consider a non- rivalrous good,like national defence,provided Q29: Which of the following is the best Q30: FIGURE 16- 1 
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