Which One of the Following Is Not a Source of Market

question 98

Multiple Choice

Which one of the following is not a source of market failure?

• A) externalities
• B) public goods
• C) imperfect information
• D) price increases

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Definitions:

Correlation Coefficient

A quantitative indicator showing both the magnitude and direction of a linear association between a pair of variables.

Linear Relationship

A type of association where changes in an independent variable result in proportional changes in a dependent variable, represented by a straight line in graph form.

Covariance

A measure that determines the degree to which two variables change together.

Correlation Coefficient

A statistical measure that describes the size and direction of a relationship between two or more variables.