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

Author Question: What is a market failure? (Read 49 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
:D TYSM

kswal303

  • Member
  • Posts: 316
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

meds for heart failure meds for heart failure
Pathophysiology of heart failure Pathophysiology of heart failure
All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co
Stages for Treating Heart Failure Stages for Treating Heart Failure
Reconstruction Drawing of Trajan's Market Reconstruction Drawing of Trajan's Market
Hydroelectric power: 2013 Global Market Hydroelectric power: 2013 Global Market
Video: Genetic terms Animation

For a complete list of videos, visit our video library