Market failure occurs when:
A) a small number of sellers dominate a market.
B) buyers have inadequate information to make economic decisions.
C) cost-minimizing decisions by businesses create problems for society.
D) all of the above.
Correct Answer:
Verified
Q76: A drawback of the market system in
Q77: A weakness of a market system is:
A)
Q78: When a market system causes a problem
Q79: Cost-minimizing efforts by businesses that lead to
Q80: Market failure occurs when:
A) the price system
Q82: Which of the following is an example
Q83: An example of government intervention in input
Q84: Which of the following would NOT be
Q85: An example of government intervention in output
Q86: An example of government intervention in the
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