Which of the following is not a source of market failure?

Name: Which of the following is not a source of market failure?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Multiple firms selling identical products is not a source of market failure, as it represents perfect competition, which theoretically leads to efficient outcomes. The other options listed (imperfect competition, imperfect information, public goods, and externalities) can all cause market failures by leading to suboptimal outcomes in terms of efficiency, equity, or both.

Which of the Following Is Not a Source of Market