Complete the following statement: In the presence of a market failure,
A) government action might not improve on the market outcome because sometimes public policies simply reward the politically powerful.
B) government action might not improve on the market outcome because some leaders are not fully informed about the effects of their actions.
C) government action can sometimes improve on the market outcome.
D) government action will always improve on the market outcome.
Correct Answer:
Verified
Q125: What is an example of a firm
Q126: What is the term used to describe
Q127: What is an example of market power?
A)a
Q128: What would happen without government's protection of
Q128: If an externality is present in a
Q131: What can cause market failure?
A) low consumer
Q132: What is the term when a single
Q132: What happens if a sawmill creates too
Q133: What does the term market failure refer
Q135: What are two causes of market failure?
A)externalities
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