Market failure occurs when:
A) Market prices signal producers to produce the optimal mix of output.
B) The economy produces at a point on the production possibilities curve.
C) Producers supply the goods that earn the greatest profit.
D) An imperfection in the market mechanism prevents an optimal outcome.
Correct Answer:
Verified
Q10: The optimal mix of output is:
A) the
Q11: Which of the following is not an
Q12: Market failure means that the economy is
Q13: The most desirable combination of output attainable
Q14: Market failure implies that a policy of
Q16: In economics,a public good:
A) Is any good
Q17: Sources of microeconomic failure that may require
Q18: Which of the following does not explain
Q19: Which of the following is an economic
Q20: The tendency for the market to under
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