Market failure occurs when the pursuit of self-interest leads to bad results for society.

Name: Market failure occurs when the pursuit of self-interest leads to bad results for society.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Market failure occurs when the self-interest of individuals or firms results in inefficient allocation of resources, unequal distribution of income and wealth, environmental damage, or other negative externalities that impact society as a whole.

Market Failure Occurs When the Pursuit of Self-Interest Leads to Bad