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:

Race or Color

Categories used to describe or classify humans based on physical traits or pigmentation.

Protected Classes

Groups of people legally shielded from discrimination, based on characteristics such as race, gender, age, and religion.

Equal Pay Act

Statutes established to eradicate pay imbalances along gender lines, ensuring equal remuneration for men and women performing work of equal worth.

Wages Paid

Monetary compensation or salary disbursed to employees for their labor or services during a specific period.