What Is a Common Theme Among Examples of Market Failure

question 148

Multiple Choice

What is a common theme among examples of market failure

• A)The good being provided always harms society in some systematic way.
• B)Some item of value does not have an owner with the legal authority to control it.
• C)Cost-benefit analysis is likely to lead to implementation policies that promote private provision of goods and services.
• D)There are regulations that prohibit the efficient functioning of private markets.

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Definitions:

Cats

Domesticated felines known for their agility, sharp retractable claws, and effectiveness in controlling pests.

Humans

The species Homo sapiens, characterized by bipedalism, higher cognitive functions, and complex social behaviors.

Submandibular Gland

A salivary gland located beneath the floor of the mouth that produces saliva.

Parotid Gland

The largest of the salivary glands, located near the ear, which produces saliva to facilitate chewing and swallowing.