Which of the Following Is an Example of a Remedy

question 17

Multiple Choice

Which of the following is an example of a remedy for a market failure?

• A)building a refinery
• B)building a hospital
• C)building an assembly plant
• D)building an apartment complex
• E)building a movie theatre

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Definitions:

Marginal Utility

The increase in happiness or usefulness experienced by a consumer when one more unit of a good or service is consumed.

Good A

A placeholder term that typically represents a general or unspecified item in economic models or discussions.

Good B

A term representing a specific product or service under consideration in an economic model or market analysis.

Marginal Utility

The increased fulfillment or advantage obtained by using one more unit of a good or service.