Author Question: What is a market failure? (Read 59 times)

ssal · **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.

cloudre37 · **Reply #1 on:** Oct 5, 2019

A FREE account is required to view all solutions!

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