All of the following,except one,are examples of market failures.Which is the exception?
A)Competitive markets do not result in an equitable distribution of incomes and wealth.
B)Competitive markets do not ensure that the economy will be stable.
C)Competitive markets do not ensure that competition will continue.
D)Competitive markets do not ensure that individuals get the type of jobs they would like.
E)Competitive markets do not take externalities into consideration.

Question

Quizplus · Accepted Answer

Competitive markets may not always provide individuals with their preferred jobs, but this is not necessarily a market failure. It is just a result of individual preferences and differences in skills and qualifications. The other options are examples of market failures because they indicate areas where the market system is deficient and unable to produce optimal outcomes without government intervention.

All of the Following,except One,are Examples of Market Failures