Sources of Market Failure Include

question 87

Multiple Choice

Sources of market failure include

• A) private goods.
• B) imperfect information.
• C) inflation.
• D) perfect competition.

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Definitions:

Infant

A very young child, particularly before they can walk or speak; the earliest stage in human development.

Square

A geometric shape with four equal sides and four right angles.

A-not-B Error

A cognitive mistake made by infants during the sensorimotor stage where they repeatedly reach for a hidden object at a location where it was last found (A) rather than its new location (B).

Motor Perseveration

The repetition of a particular movement or action despite the absence or cessation of the stimulus or intention that originally triggered it.