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:

David McClelland

A psychologist known for his work on motivation theory, particularly the concept of achievement motivation.

Alcoholism

A chronic disease characterized by an impaired ability to stop or control alcohol use despite adverse social, occupational, or health consequences.

Robert Bales

A former United States Army soldier who was convicted of the massacre of 16 Afghan civilians in 2012.

Culturally Induced

Phenomena or behaviors that arise as a result of cultural influences and conditioning, rather than innate or biological factors.