Which of the following is an example of a remedy for a market failure?
A)building a refinery
B)building a hospital
C)building an assembly plant
D)building an apartment complex
E)building a movie theatre

Question

Quizplus · Accepted Answer

Building a hospital can be considered a remedy for a market failure because it addresses issues related to public health and access to healthcare, which are areas where the market might not provide sufficient services on its own due to externalities or public goods characteristics.

Which of the Following Is an Example of a Remedy