When Producers Do Not Produce the Efficient Amount of a Product

question 132

Multiple Choice

When producers do not produce the efficient amount of a product because they are unable to charge consumers what they need to do so, then there exists a

• A)demand-side market failure.
• B)supply-side market failure.
• C)competitive market.
• D)monopolistic market.

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Definitions:

Existential Import

The implication that at least one instance of the subject in a categorical proposition exists.

Coherent Argument

An argument where all the premises logically support the conclusion and are consistent with each other.

Assert

To assert a fact or conviction with confidence and vigor.

Disjunctive Syllogisms

A form of logical argument where, from two propositions, each of which could be true or false, a definite conclusion is drawn.