Multiple Choice
Market failure is a situation in which
A) the market does not provide the ideal or optimal amount of a particular good.
B) there are too many buyers but not enough sellers.
C) prices are too high for "average" people to buy necessities.
D) there is a question over the quality of a product for sale.
Correct Answer:
Verified
Correct Answer:
Verified
Q119: The government's provision of nonexcludable public goods
Q120: Suppose the production of a good results
Q121: Suppose the production of a good results
Q122: When a positive externality exists, the market
Q123: The free rider problem is the main
Q125: When a positive externality exists,<br>A)external benefits are
Q126: When an insurance company specifies certain precautions
Q127: Suppose the production of a good results
Q128: Which of these goods may be considered
Q129: Which of the following situations probably would