Market Failure Can Result from Market Outcomes That

question 91

Multiple Choice

Market failure can result from market outcomes that:

• A) result in too few resources devoted to a good.
• B) result in too many resources devoted to a good.
• C) may justify government intervention.
• D) all of the above.

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Definitions:

Address Block

The part of a letter that indicates to whom the letter is addressed. The address block is placed in the upper left-hand portion of the letter, above the salutation and reference line, if one is included.

Firm's Letterhead

The official stationary of a company or organization that contains its name, address, logo, and sometimes its directors, used for formal correspondence.

Phone Number

A sequence of digits assigned to a telephone line for the purposes of making and receiving calls.

Letterhead

A printed heading on stationery, typically including a name and an address, used by a person or organization for professional correspondence.