Which is an example of a market failure?
A) There are not enough tickets available to concerts of extremely popular performers.
B) The price of medical care has risen dramatically as a result of the introduction of sophisticated equipment and techniques.
C) Polio shots and chest x-rays provide widespread benefits to the community as a whole as well as to the individuals who get them.
D) Extensive decreases in the prices of electronic equipment resulted in large numbers of bankruptcies in the computer industry.
Correct Answer:
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Q1: Which of the following is the best
Q3: Wendy claims that the right mix of
Q4: Q5: Which of the following statements is correct Q6: Mandated reductions in tailpipe emissions from automobiles Q7: "Cap-and-trade" programs: Q8: It has been proposed that a government Q9: Suppose the government imposed a carbon tax Q10: The rationale for ability-to-pay taxation and the Q11: Payroll taxes (Social Security and Medicare) are:
A) create a market for pollution
A)
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