There is market failure when market outcomes are
A) inefficient.
B) inequitable.
C) fail to serve the public interest.
D) all of the above.
E) none of the above.

Question

Quizplus · Accepted Answer

Market failure occurs when the market fails to allocate resources efficiently, leads to an inequitable distribution of goods and services, and/or fails to serve the public interest. Therefore, all of the above options are correct.

There Is Market Failure When Market Outcomes Are