This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is a market failure? (Read 30 times)

ssal

  • Hero Member
  • *****
  • Posts: 572
on: Oct 5, 2019

What is a market failure?


◦

It refers to the inability of the market to allocate resources efficiently up to the point where marginal social benefit equals marginal social cost.


◦

It refers to a breakdown in a market economy because of widespread corruption in government.


◦

It refers to the inability of the market to allocate resources efficiently up to the point where marginal social benefit equals marginal private cost.


◦

It refers to a situation where an entire sector of the economy (for example, the airline industry) collapses because of some unforeseen event.

InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by ssal on Oct 5, 2019

cloudre37

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Oct 5, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


ssal

  • Member
  • Posts: 572
Reply 2 on: Oct 5, 2019
Excellent

Dominic

  • Member
  • Posts: 328
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Right Sided Heart Failure Right Sided Heart Failure
Drugs for Heart Failure Drugs for Heart Failure
Drugs for Advanced Heart Failure Drugs for Advanced Heart Failure
Drugs in the Treatment of Heart Failure Drugs in the Treatment of Heart Failure
Reconstruction Drawing of Trajan's Market Reconstruction Drawing of Trajan's Market
A car wash reduced the price of a basic wash as a promotion and test of the market. With the ... A car wash reduced the price of a basic wash as a promotion and test of the market. With the ...
Video: Interview with Person having Obsessive Compulsive Disorder

For a complete list of videos, visit our video library