Which of the Following Is a Source of Market Failure

question 179

Multiple Choice

Which of the following is a source of market failure?

• A)unforeseen circumstances which leads to the bankruptcy of many firms
• B)a lack of government intervention in a market
• C)incomplete property rights or inability to enforce property rights
• D)an inequitable income distribution

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Definitions:

Maslow

Refers to Abraham Maslow, a psychologist best known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs in priority.

Herzberg

Refers to Frederick Herzberg's Two-Factor Theory, which posits that job satisfaction and dissatisfaction arise from two different sets of factors—hygiene factors and motivators.

Satisfier

A factor that contributes to job satisfaction, typically related to fulfilling work, recognition, or personal growth opportunities.

Self-managed Work Team

A team in which members collectively take on management responsibilities, such as planning, scheduling, and evaluating their own performance.