Which of the following is not generally considered a market failure?

Question

Quizplus · Accepted Answer

Market failures are situations where the allocation of goods and services is not efficient, leading to a net social welfare loss. Public goods, missing markets, the undesirable distribution of income, and monopolies are all classic examples of market failures. However, the allocation of resources based on price is a fundamental principle of how markets are supposed to function efficiently under perfect competition, not a market failure.

Which of the Following Is Not Generally Considered a Market