Which of the Following Is a Source of Government Failure

question 55

Multiple Choice

Which of the following is a source of government failure but is not typically an example of market failure?

• A)Monopoly.
• B)Externalities.
• C)Inequity.
• D)Waste.

---

Definitions:

Operating Revenues

Income generated from the core business activities of a company.

Gross Profit

The earnings a company retains after subtracting the expenses incurred in the production and sale of its goods, or the expenses related to delivering its services.

Transaction Analysis

The examination of a business transaction to understand its effects on the financial statements.

Cash Flows

The inflows and outflows of cash and cash equivalents, indicating a company's liquidity and financial health over a period.