Multiple Choice
If the provision of health care were left to the free market, there would be many reasons why the market would not provide an optimum allocation of health care resources. One such reason would be that uncaring parents may not buy adequate treatment for their children or children may not buy adequate treatment for their elderly parents. Which of the following categories of market failure best match this example?
A) Market power
B) Dependants
C) Inequality
D) Externalities
E) Poor economic decision- making by people on their own behalf
Correct Answer:
Verified
Correct Answer:
Verified
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