What is a market failure?
A) A trader who fails to make money on the market
B) A product that has zero demand
C) A situation in which the market does not allocate resources efficiently
D) A market in which goods cannot be bought or sold
Correct Answer:
Verified
Q19: If the demand for a product X
Q20: If the demand for product X goes
Q21: How do economists quantify the possibility that
Q22: What is the difference between capital goods
Q23: How is efficiency defined in macroeconomics?
A)Reducing cost
Q25: What is the most common effect when
Q26: If company A is better than company
Q27: What is a product's equilibrium price?
A)Its production
Q28: As production volume increases, the marginal cost
Q29: If government regulations impose price controls on
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