When goods are subject to market failure,all of the following are possible solutions to the market failure except:
A) change social norms.
B) have government either regulate the market or provide the good.
C) privatize the good.
D) set a very specific consumer quota on consumption.

Question

Quizplus · Accepted Answer

Setting a very specific consumer quota on consumption is not a common solution to market failure and may not be effective in addressing the underlying issue of market failure. The other options listed - changing social norms, government regulation/provision, and privatization - are more commonly used solutions to market failure.

When Goods Are Subject to Market Failure,all of the Following