Market failure is a situation in which A. the market does not provide the ideal or optimal amount of a particular good. B. prices are too high for "average" people to buy necessities. C. there are too many buyers but not enough sellers. D. there is a question over the quality of a product for sale.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Market failure is a situation in which A. the market does not provide the ideal or optimal amount of a particular good. B. prices are too ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Suppose the production of solar powered lawn mowers is characterized by the production function Q = LE, where Q represents the number of ornaments produced. Suppose that the price of labor is $10 per unit and the price of energy is $1 per unit.
Answers (1)
During a crisis that involved a toxic spill, the executives of ABC Industrial were straightforward in sharing the bad news with the public and providing daily updates on the containment and cleanup process.
Answers (1)
Police officers often use to get information from their witness?
Answers (1)
Why the shopkeepers made more money than the gold prospectors?
Answers (1)
A gas main has exploded outside your building and has caused major damage to your agency's office space. After evacuating the building and accounting for all agency personnel, leadership has activated the continuity plan.
Answers (1)
New Questions in Business
A monopoly creates a deadweight loss to society because it produces less output than the socially efficient level. a. true b. false
Answers (1)
A company sells two products with information as follows: A B Sales price per unit $12 $22 Variable cost per unit $10 $10The products are machine made.
Answers (1)
The structural support structure must lift the pipeline above the ground to allow free passage of wildlife under the pipeline. The loading on each truss support must be determined by calculating the weight of oil and of the pipe over each support.
Answers (1)
How is a gas different from a solid or a liquid? A. A gas is made of tiny particles. B. A gas has volume. C. A gas expands to fill the container. D. A gas has density. TY
Answers (1)
Property-tax revenues for the county were reported at $770,000 on its governmental funds statement, but property-tax revenues on the county's government-wide statement of activities were reported at $800,000. Why did this difference arise?
Answers (1)