Sources of Market Failure Include

question 113

Multiple Choice

Sources of market failure include

• A) external benefits.
• B) external costs.
• C) public goods.
• D) All of the above are correct.

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Definitions:

Available Nutrients

Nutrients present in the environment that can be readily absorbed and used by organisms for growth and metabolism.

Eukaryotic

Pertaining to cells and organisms that have a nucleus enclosed within membranes, distinct from prokaryotic cells which lack such a nucleus.

Photosynthetic

Pertaining to the process by which green plants, algae, and some bacteria convert light energy into chemical energy in the form of sugars, using chlorophyll and releasing oxygen as a byproduct.

Unicellular

Describing organisms made up of a single cell, capable of performing all necessary life functions within that one cell.