Market Failures

question 113

Multiple Choice

Market failures

• A)fall only on the demand-side.
• B)fall only on the supply-side.
• C)can fall on either the demand-side or the supply-side.
• D)fall on non-competitive markets only.

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Definitions:

Calm

A state of peacefulness and tranquility, free from stress or agitation.

Autonomic

Relating to the autonomic nervous system, which controls involuntary bodily functions such as heart rate, digestion, and respiratory rate.

Somatic

Relating to or affecting the body, especially as distinct from the mind or emotions.

Motor

Relating to the movement or mechanism of physical actions and coordination in organisms.