What Are Two Causes of Market Failure

question 203

Multiple Choice

What are two causes of market failure?

• A) externalities and market power
• B) market power and incorrect forecasts of consumer demand
• C) externalities and foreign competition
• D) government intervention and foreign competition

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Definitions:

Dreams

A series of thoughts, images, and sensations occurring in a person's mind during sleep, reflecting both conscious and unconscious mental activity.

REM Sleep

Rapid Eye Movement sleep, a stage of sleep characterized by vivid dreams and physiological changes like increased brain activity and temporary paralysis of major muscles.

Vivid Dreams

are dreams experienced with intense imagery, emotion, and detailed narrative, often easily remembered.

Sleep Stage

A phase of the sleep cycle, including rapid eye movement (REM) and non-REM stages, each characterized by different brain activities and bodily functions.