Which of the Following Phenomena Is NOT an Example of Market

question 10

Multiple Choice

Which of the following phenomena is NOT an example of market failure?

• A)moral hazard
• B)a positive externality
• C)asymmetric information
• D)diminishing marginal returns
• E)public goods

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Definitions:

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Unattached Individual

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Alcoholics Anonymous

Alcoholics Anonymous is an international fellowship of individuals who have a drinking problem, offering mutual support to recover from alcoholism through a 12-step program.

Psychological Approach

A perspective in psychology that emphasizes understanding mental processes, experiences, and behaviors through research and theory.