Complete the Following Statement: in the Presence of a Market

question 74

Multiple Choice

Complete the following statement: In the presence of a market failure,

• A)government action might not improve on the market outcome because sometimes public policies simply reward the politically powerful.
• B)government action might not improve on the market outcome because some leaders are not fully informed about the effects of their actions.
• C)government action can sometimes improve on the market outcome.
• D)government action will always improve on the market outcome.

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Definitions:

Business Ventures

New business enterprises or commercial undertakings, often involving some risk.

Unsung Innovators

Individuals who have made significant contributions to innovation and progress but have not received widespread recognition or acclaim.

Early Successes

Initial accomplishments or achievements made in the beginning stages of an endeavor or career.

Highway Tolls

Charges payable for the use of a particular stretch of highway, often collected to fund road maintenance and improvements.