If the provision of health care were left to the free market, there would be many reasons why the market would not provide an optimum allocation of health care resources. One such reason would be that uncaring parents may not buy adequate treatment for their children or children may not buy adequate treatment for their elderly parents. Which of the following categories of market failure best match this example?

Question

Quizplus · Accepted Answer

This example best matches the category of "Dependants" because it highlights a situation where the market fails to allocate health care resources optimally due to the dependency of certain groups (children and elderly parents) on others (parents and children, respectively) to make health care decisions and purchases on their behalf.

If the Provision of Health Care Were Left to the Free