Which of the Following Could Be Evidence of a Market

question 17

Multiple Choice

Which of the following could be evidence of a market failure?

• A)Resources in an economy are not fully utilized.
• B)The market price of a product is above the average cost of production.
• C)There are only a handful of firms competing against each other in an industry.
• D)Market prices do not reflect true production costs.

---

Definitions:

Internet

A global network of interconnected computers that allows individuals to share information and communicate over long distances instantaneously.

Native Americans

Indigenous peoples of the United States, including both the mainland and Alaska Natives, who have diverse cultures, languages, and histories.

Media Representations

Refers to the portrayal of events, people, and topics in the media, influencing audience perceptions and societal norms.

Stereotypes

Oversimplified and generalized beliefs about a particular group of people, often leading to prejudiced attitudes and behaviors.