When a good does not have a price attached to it, private markets:
A) can sometimes be improved by the government
B) cannot ensure that the good is produced and consumed in the proper amounts
C) are characterised by market failure
D) all of the above are true

Question

Quizplus · Accepted Answer

Private markets may fail to allocate resources efficiently when a good does not have a price, leading to market failure. Government intervention can sometimes improve outcomes by ensuring proper production and consumption levels.

When a Good Does Not Have a Price Attached to It