An Example of a Market Failure Is

question 214

Multiple Choice

An example of a market failure is

• A)a firm is dumping toxic waste that is making people sick.
• B)when not everyone who wants to see a major league football game can.
• C)when there is an increase in demand and a shortage develops.
• D)unemployment.

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Definitions:

Visually Impaired

A term describing individuals who have reduced or absent vision, either congenitally or through acquired conditions.

Stimuli

External factors or agents that can elicit a physiological or psychological response or reaction in an organism.

Perception

The process of interpreting sensory information to form a meaningful understanding of the environment.

Reception

Reception generally refers to the act or process of receiving or being received, often used to describe the area in a building where visitors are greeted.