A factor that is NOT a possible reason for market failure is:
A)firms having too much market power.
B)externalities.
C)public goods.
D)extremely high prices for medical care.

Question

Quizplus · Accepted Answer

Extremely high prices for medical care is a possible reason for market failure, as it can create barriers to accessing necessary health care services for some individuals. Firms having too much market power, externalities, and public goods are all commonly recognized sources of market failure.

A Factor That Is NOT a Possible Reason for Market