Markets May Not Achieve an Efficient Allocation of Resources When

question 19

Multiple Choice

Markets may not achieve an efficient allocation of resources when there are

• A)public goods.
• B)external benefits.
• C)monopolies.
• D)subsidies.
• E)all of the above

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Definitions:

Administrators

Managers who work in public or not‐for‐profit organisations.

Emerging Technologies

New and innovative technologies that have the potential to significantly impact existing markets and societal norms.

Globalisation

The method through which companies or various organizations gain international influence or begin functioning globally.

Resource Utilisation

The effective and efficient use of resources, such as time, money, and materials, to achieve defined objectives.