Which of the Following Is an Example of Market Failure

question 236

Multiple Choice

Which of the following is an example of market failure?

• A) Public goods.
• B) Externalities.
• C) Lack of competition.
• D) all of the above.

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Definitions:

Employment

The condition of having paid work, a job, or a professional occupation.

Non-Unionized Business

A workplace where the workforce is not represented by a labor union, affecting collective bargaining and worker rights.

Employment Contract

A formal agreement between an employer and employee that outlines the terms and conditions of employment.

Common Law

refers to law derived from judicial decisions of courts and similar tribunals, as opposed to statutes or regulations.