What Is Market Failure

question 13

Multiple Choice

What is market failure

• A)the inability of buyers to interact legally with sellers in the market
• B)the inability of a market to establish an equilibrium price
• C)the inability of buyers to place a value on the good or service
• D)the inability of some unregulated markets to allocate resources efficiently

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Definitions:

Thinking Like

The approach or mindset adopted in order to resemble or replicate the thought processes of a particular group, situation, or individual.

Molecule

A molecule refers to the smallest unit of a chemical compound that can exist independently while retaining the composition and chemical properties of the compound.

Competitive Edge

Advantage that allows an organization to outperform its competitors, often through superior products, services, or efficiencies.

Weak Ties

Social connections that are not very strong or close but can be important for spreading information or opportunities.