Which of the Following Is an Example of a Market

question 111

Multiple Choice

Which of the following is an example of a market failure?

• A) There are not enough tickets available to concerts of extremely popular performers and artists.
• B) The price of medical care has risen dramatically as a result of the introduction of sophisticated equipment and procedures.
• C) Successful public schools provide benefits to the students who attend them, as well as to the community as a whole, including those who don't go to those public schools.
• D) Sharply declining prices of electronic equipment result in large numbers of bankruptcies in the computer industry.

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Definitions:

Repossession

The act of taking back an object, often property or goods, as a result of the owner's failure to meet contractual obligations.

Peaceful Recovery

The process of reclaiming possession of property or assets without the use of force or legal confrontation.

Perfection By Possession

A legal concept referring to the protection of a security interest in collateral by taking physical possession of it.

Advantages

Positive aspects or benefits associated with a particular situation, product, or service.