Which of These Is NOT an Example of Market Failure

question 105

Multiple Choice

Which of these is NOT an example of market failure?

• A) Water is polluted by a paper company located by the river.
• B) Air is polluted by a manufacturing firm.
• C) Competition leads firms to provide products at the lowest possible price.
• D) Consumers must buy water from one local water utility.

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Definitions:

Student Organizations

Groups or clubs formed within educational institutions by the students themselves, focusing on a wide range of interests and activities.

Allen Ginsberg

An influential American poet and writer, best known for his role in the Beat Generation and his landmark poem "Howl," which addressed issues of sexual repression, freedom, and societal constraints.

Howl

A poem written by Allen Ginsberg in 1955, known for its controversial discussion of homosexuality and critique of capitalism and conformity in the post-war United States.

Conformism

The behavior of aligning with group norms, values, and expectations, often at the expense of individuality or personal opinions.