Market Failures

question 333

Multiple Choice

Market failures

• A) prevent the price system from attaining economic efficiency.
• B) result in quantities and prices that are socially desirable.
• C) strengthen economic efficiency by forcing unprofitable firms to close.
• D) weaken the argument for government intervention in the economy.

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Definitions:

Nuclear Medicine

A branch of medicine that uses radioactive substances in diagnosis and treatment of diseases.

Ionized Radiation

Radiation that carries enough energy to liberate electrons from atoms or molecules, thereby ionizing them.

Nuclides

Distinct kinds of atoms or nuclei characterized by a specific number of protons and neutrons.

Radiopaque Substance

A substance that does not allow X-rays or similar radiation to pass through, appearing white or light on radiographic images, used in contrast-enhanced imaging.