Which of the following is not a possible source of market failure as economists use the term?

Question

Quizplus · Accepted Answer

Firms that are price-takers in the output market are characteristic of perfect competition, which is an ideal market structure and not a source of market failure. Market failures typically arise from issues like externalities, public goods, and situations that prevent markets from reaching equilibrium, such as involuntary unemployment.

Which of the Following Is Not a Possible Source of Market