Which of the Following Is Not an Example of Market

question 23

Multiple Choice

Which of the following is not an example of market failure?

• A) Lack of competition.
• B) Externalities.
• C) Equilibrium.
• D) Extreme income inequality.

---

Definitions:

George Homans

An American sociologist known for his work in developing social exchange theory.

Success

The achievement of a goal or the attainment of higher status or position, often measured by factors such as wealth, respect, or fame.

Deprivation-Satiation

A concept that describes the dynamic between the experience of lacking something and the fulfillment of having one's needs or desires met.

Aggression-Approval

A NO.