A Market Failure Is Most Likely to Occur When

question 48

Multiple Choice

A market failure is most likely to occur when:

• A) a sole producer of a good faces no threat of competition.
• B) several producers of a good compete for customers by having price wars.
• C) several producers of a good search for the lowest-cost method of production.
• D) many producers produce identical products, and only the consumers are affected by the transactions.

---

Definitions:

Autosomal Recessive

A mode of genetic inheritance where two copies of an abnormal gene must be present for the disease or trait to develop.

X-Linked Recessive

A mode of genetic inheritance where a mutation in a gene on the X chromosome causes the phenotype to be expressed primarily in males, who have only one X chromosome.

Hemophilia

A genetic disorder that impairs the body's ability to make blood clots, leading to excessive bleeding from minor injuries.

Sex-Linked Disorders

Genetic diseases that are determined by genes located on the sex chromosomes, often manifesting differently between sexes.