Multiple Choice
Which of the following is not a cause of market failure?
A) Incomplete information
B) Externalities
C) Individuals acting according to their own self-interest
D) Public goods
Correct Answer:
Verified
Correct Answer:
Verified
Q79: Externalities can lead to inefficient economic outcomes
Q80: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3095/.jpg" alt=" Figure 16.1.1 -Refer
Q81: When comparing point A, which lies within
Q82: In an economy which produces two goods
Q83: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3095/.jpg" alt=" Figure 16.2.1 -Refer
Q85: Coffee and donuts are complements in consumption.
Q86: Which of the following is a condition
Q87: One day when Gilligan was diving in
Q88: Why does perfect competition guarantee a Pareto
Q89: The main point of the second theorem