There Is No Market Failure If

question 63

Multiple Choice

There is no market failure if

• A)the marginal private cost curve is upward sloping.
• B)the demand curve (for a good or service) is downward sloping.
• C)the demand curve lies about the marginal private cost curve.
• D)marginal private costs are greater than the external costs associated with a negative externality.
• E)none of the above

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Definitions:

Warren Buffet

An American investor, business magnate, and philanthropist, known for his leadership of Berkshire Hathaway and his savvy investment strategies.

Family Of Four

A social unit consisting of two parents and their two children, commonly referenced in statistical analyses and economic studies as a household size standard.

Black Poverty

The state of economic deprivation affecting the African-American community, characterized by high rates of unemployment and low income.

Black Male Joblessness

The condition where African American males are disproportionately represented in unemployment statistics, reflecting systemic issues and labor market discrimination.