Which of the Following Is Not an Example of Market

question 23

Multiple Choice

Which of the following is not an example of market failure?

• A) Lack of competition.
• B) Externalities.
• C) Equilibrium.
• D) Extreme income inequality.

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Definitions:

CD

Can refer to a "Compact Disc" used for storing digital data or "Certificate of Deposit" in finance; context needed for specific definition.

Inference Forms

Patterns or structures of logical reasoning where conclusions are drawn from a set of premises.

MP

Short for "Member of Parliament," a representative elected to participate in the legislative process of a parliamentary democracy.

Inference Forms

Specific patterns of reasoning that are used to derive conclusions from premises.