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:

Somatic Symptom Disorders

Disorders characterized by physical symptoms that cause significant distress or impairment, which are not fully explained by other medical conditions.

Somatic Symptom Disorder

A mental disorder in which a person experiences physical symptoms that cause significant distress or problems functioning, without a discernible medical cause.

Physical Symptoms

Observable or felt symptoms of an illness or condition that manifest in the body, such as pain, nausea, or fatigue.

Somatic Symptom Disorder

Somatic Symptom Disorder is a mental disorder characterized by an excessive focus on physical symptoms, such as pain or fatigue, that causes significant distress or impairment in daily functioning.