If government intervention in the market creates market inefficiencies then
A) there is government failure.
B) market failure.
C) network externalities.
D) the economy must be democratic.
Correct Answer:
Verified
Q18: In the consumption of public goods
A)consumers can
Q19: Internalizing the externalities means that
A)all costs have
Q20: Corruption
A)can create certainty
B)is only a problem found
Q21: Negative externalities lead to over supply in
Q22: People can be excluded from consuming public
Q24: Adverse selection and moral hazard are not
Q25: If all actions are known to all
Q26: Markets never fail.
Q27: Corruption is only present in developing nations.
Q28: Government rules and regulations can, at times,
A)higher
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