Which of the Following Is an Example of a Missing

question 2

Multiple Choice

Which of the following is an example of a missing market?

• A) The market to buy and sell children for adoption
• B) The market for typewriters
• C) The market for student loans
• D) None of these exemplify a missing market.

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Definitions:

Soybeans Market

The economic market that deals with the buying and selling of soybeans, including its derivatives and products.

Economic Profits

The margin found by reducing total revenue by the sum of clear and concealed costs.

Market Price

The present price at which a service or asset is available for purchase or sale in the open market.

Economic Profits

The difference between a firm's total revenue and its total costs, including both explicit and implicit costs, representing excess earnings over the normal rate of return.