Which of the Following Is Not a Market Failure

question 117

Multiple Choice

Which of the following is not a market failure?

• A) A lack of competition in some markets.
• B) Prices determined in competitive markets, which consumers, as individuals, have no control over.
• C) The presence of externalities in some markets.
• D) A lack of public goods desired by a majority of citizens.

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Definitions:

Organic Layer

A portion of soil rich in organic matter, found at the surface, contributing to soil fertility and plant growth.

Organic Solvent

A carbon-based solvent that is capable of dissolving or dispersing one or more other substances.

Strong Acid

An acid that completely dissociates in solution, releasing a high concentration of hydrogen ions.

NaOH

Sodium Hydroxide, a strong base used in chemical manufacturing, paper making, and as a drain cleaner.