The Term Market Failure Refers to

question 118

Multiple Choice

The term market failure refers to

• A)a market that fails to allocate resources efficiently.
• B)an unsuccessful advertising campaign which reduces demand.
• C)ruthless competition among firms.
• D)a firm that is forced out of business because of losses.

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Definitions:

E05.00

A specific code, often related to medical diagnoses or conditions; in general contexts, without direct reference, it needs to be looked up for precise meaning.

Headache

A pain or discomfort in the head, scalp, or neck, often caused by stress, tension, migraine, or sinus problems.

Confusion

A state of being bewildered or unclear in one’s mind about something.

Insomnia

A sleeping disorder characterized by persistent difficulty falling asleep, staying asleep, or obtaining restorative sleep, affecting daily functioning.