The Table Below Shows the Payoff (Profit) Matrix of Firm

The table below shows the payoff (profit) matrix of Firm A and Firm B indicating the profit outcome that corresponds to each firm's pricing strategy (where $500 and $200 are the pricing strategies of two firms) .Table 12.2

-A market failure occurs when:

A) the market outcome is viewed as unfair by a majority of consumers.
B) a market fails to provide the good at a zero price.
C) quantity demanded exceeds quantity supplied.
D) the market outcome is not the socially efficient outcome.
E) prices are determined by the interaction of the forces of demand and supply and not through central planning.