In a society with market failure, there
A) is no pollution
B) are no public goods
C) is an inefficient allocation of resources
D) are no markets
E) is no need for a government

Question

Quizplus · Accepted Answer

Market failure occurs when there is an inefficient allocation of resources in a free market. This can result from various factors such as externalities, public goods, information asymmetries, and market power.

In a Society with Market Failure, There