All of the Following Are Possible Reasons for Market Failure

question 76

Essay

All of the following are possible reasons for market failure, except:
A.monopoly firms.
B.externalities.
C.public goods.
D.extremely high prices for medical care.

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Definitions:

Harriet Taylor

A significant philosopher and women's rights advocate in the 19th century, closely associated with John Stuart Mill.

Degrading Distinctions

The process of diminishing or eliminating societal or cultural distinctions that classify and separate individuals, often related to issues of equality and social justice.

Inequalities

Describes the state of not being equal, especially in status, rights, and opportunities.

Feminist Philosophers

Thinkers who explore questions surrounding gender, equality, and justice from a feminist perspective, challenging traditional philosophical assumptions.