When there are too few or too many resources going to an economic activity
A) a public good exists.
B) a market failure exists.
C) consumer sovereignty exists.
D) scarcity of resources no longer exists.

Question

Quizplus · Accepted Answer

When there are too few or too many resources going to an economic activity, it indicates a market failure where the market is not allocating resources efficiently. This can lead to negative externalities or market inefficiencies.

When There Are Too Few or Too Many Resources Going