Multiple Choice
Which of the following is an example of a market failure?
A) There are not enough tickets available to concerts of extremely popular performers and artists.
B) The price of medical care has risen dramatically as a result of the introduction of sophisticated equipment and procedures.
C) Successful public schools provide benefits to the students who attend them, as well as to the community as a whole, including those who don't go to those public schools.
D) Sharply declining prices of electronic equipment result in large numbers of bankruptcies in the computer industry.
Correct Answer:
Verified
Correct Answer:
Verified
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