Which of the Following Is Possible When the Market Fails

question 31

Multiple Choice

Which of the following is possible when the market fails?

• A)The mix of goods and services is on the production possibilities curve.
• B)It is impossible for government intervention to improve the mix of goods and services.
• C)The mix of goods and services is at the correct point on the production possibilities curve.
• D)The mix of goods and services is the optimal mix.

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Definitions:

Total Liabilities

The combined amount of debts and obligations that a company owes to others, reported on its balance sheet.

Total Assets

The sum of all current and non-current assets owned by a company, reflecting the company’s total resources that can be used to generate revenue.

Sales Data

Sales data encompasses the records and information regarding the quantity, price, and characteristics of products or services sold by a company.

Percentage Increase

A measure of how much a quantity has grown relative to its previous value, expressed as a percentage.