Solved

Which of the Following Situations Is Not an Example of Market

Question 26

Multiple Choice

Which of the following situations is not an example of market failure?


A) Ben's Department Store cannot charge passers-by for using the sidewalk outside the store.
B) Ben cannot afford to buy a high-end Mercedes Benz luxury car.
C) Ben's Place is the only restaurant in town, and thus he has significant power to set menu prices.
D) Ben's Industries is dumping its wastewater into the unregulated river behind the factory.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions