When Market Failure Occurs, It Often Creates an Incentive for

question 104

Multiple Choice

When market failure occurs, it often creates an incentive for

• A) income equity across the market.
• B) government intervention into the market.
• C) more information.
• D) more competition to develop in the market.

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Definitions:

Traditional Branches

The main, long-established divisions or categories within a particular field or profession, often referring to fields like government, education, or science.

Orders

A command or directive given by someone in authority.

Administrative Agencies

Government bodies responsible for implementing and enforcing specific statutes and regulations at the federal, state, or local level.

Interpretive Rules

Interpretive Rules are administrative agency statements that clarify or interpret existing statutes or regulations but do not have the force of law.