Sources of market failure include all of the following except

Question

Quizplus · Accepted Answer

Market failure occurs when the allocation of goods and services by a free market is not efficient. Externalities (A), inadequate information (D), and economic inequality (B) are all recognized sources of market failure. Perfect competition (C), on the other hand, is an idealized market structure that theoretically results in an efficient allocation of resources, rather than a source of market failure.

Sources of Market Failure Include All of the Following Except