Market failure leads to
A) An equitable distribution of goods and services.
B) Public goods being underproduced.
C) The absence of externalities.
D) Production possibilities.
Correct Answer:
Verified
Q2: Market failure implies that the market mechanism
A)Leads
Q3: A private good
A)Is consumed by one person
Q4: Government intervention may be appropriate to correct
Q7: The most desirable combination of output attainable
Q7: The optimal mix of output is the
Q8: From an economic standpoint, government intervention is
Q8: The optimal mix of output is always
Q9: When market failure occurs,the role of government
Q11: If production in the economy is efficient,
Q14: The market
A)On its own may not always
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