Which of the Following Situations Is Not an Example of Market

question 26

Multiple Choice

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

• A) Ben's Department Store cannot charge passers-by for using the sidewalk outside the store.
• B) Ben cannot afford to buy a high-end Mercedes Benz luxury car.
• C) Ben's Place is the only restaurant in town, and thus he has significant power to set menu prices.
• D) Ben's Industries is dumping its wastewater into the unregulated river behind the factory.

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Definitions:

Hardy Personality

Refers to individuals who possess traits of resilience, commitment, control, and challenge, allowing them to handle stress better.

Sense of Commitment

The feeling of dedication and loyalty towards a cause, organization, or relationship, often resulting in a willingness to work hard and persevere.

Control

The ability to shape or guide the actions of individuals or the progression of events.

Hardiness

A personality trait that embodies resilience and the ability to endure difficult conditions.