The Four Specific Sources of Market Failure Are

question 44

Multiple Choice

The four specific sources of market failure are

• A)Public goods,market power,externalities,and inequity.
• B)Private goods,market power,externalities,and inequity.
• C)Public goods,market goods,externalities,and inequity.
• D)Private goods, market goods, externalities, and inequity.

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Definitions:

Thermal Contraction

The decrease in a material's volume in response to a decrease in temperature.

Plant Species

A category that ranks below genus and denotes a group of plants that share certain characteristics and are capable of interbreeding to produce fertile offspring.

Endangered Species

Species that are at risk of extinction due to a dramatic decline in their population or habitat.

Flowering Plants

Plants that belong to the group Angiosperms, characterized by bearing flowers in which seeds are enclosed within a fruit.