A Common Theme Among Examples of Market Failure Is That

question 59

Multiple Choice

A common theme among examples of market failure is that:

• A)the good being provided always harms society in some systematic way
• B)some item of value does not have an owner with the legal authority to control it
• C)cost-benefit analysis is likely to lead to implementation policies that promote private provision of goods and services
• D)there are regulations that prohibit the efficient functioning of private markets

---

Definitions:

Groupthink

A psychological phenomenon that occurs within a group of people when the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.

Evaluation Apprehension

Anxiety or fear about being judged or assessed by others.

Self-Directed Work Teams

Groups of employees who are given the autonomy and responsibility to manage themselves and their work, including decision-making and problem-solving processes.

Supervisors

Individuals within an organization responsible for overseeing and guiding the performance of a group of employees, ensuring tasks are completed effectively.