When Markets Don't Achieve Efficiency

question 131

Multiple Choice

When markets don't achieve efficiency:

• A)they must achieve equity.
• B)the government must be participating in the market.
• C)the government may intervene to improve society's welfare.
• D)they should be closed.

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Definitions:

Job Dissonance

A situation where there is a conflict or lack of harmony between an employee's values, beliefs, or interests and their job demands or organizational culture.

Counterproductive Work Behavior

Actions by employees that go against the goals and interests of their employer or organization.

Psychological Problems

Mental disorders or issues that affect an individual's thinking, feeling, mood, and behavior, impacting daily functioning and well-being.

Organizational Costs

Expenses incurred by a business or organization in its operation, including but not limited to labor, materials, and overhead costs.