Which of the Following Is Not a Market Failure

question 5

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.
• E) Income inequality.

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Definitions:

Arteries

Vessels carrying blood away from the heart.

Veins

Vessels that carry blood to the heart.

Atherosclerosis

A disease characterized by the buildup of plaque inside arteries, leading to reduced or blocked blood flow.

Arteriosclerosis

A condition characterized by the thickening, hardening, and loss of elasticity of the walls of arteries, leading to restricted blood flow.