Ask Question
17 August, 05:01

Sources of market failure include A) private goods. B) competitive behavior. C) externalities. D) unequal income distribution.

+1
Answers (1)
  1. 17 August, 05:12
    0
    C) externalities

    Explanation:

    Market failure -

    It is the condition when the free - market system fails to fulfill the needs of the society.

    The private market does not work efficiently by bringing the allocation of the resources.

    And, hence, the government intervene into this situation to fulfill the needs of the society.

    The sources of market failure is as follows -

    externalities (i. e the third person side effects). monopolies. public goods. unfair distribution of income leading to standard of living issues (arguable).
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Sources of market failure include A) private goods. B) competitive behavior. C) externalities. D) unequal income distribution. ...” 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