All of the Following Qualify as Market Failure Except

question 53

Multiple Choice

All of the following qualify as market failure except:

• A)imperfect competition.
• B)externalities.
• C)imperfect information.
• D)pollution.
• E)allocative efficiency.

---

Definitions:

Life Expectancy

The average period that a person is expected to live, based on statistical averages of age, gender, and other demographic factors.

Average Age

Calculated as the mean age of a population or group, it gives an indication of the demographic makeup concerning age.

Body Project

The pursuit of modifying one’s physical appearance through practices such as diet, exercise, and cosmetic surgery to meet societal beauty standards.

Camouflaging

The act of concealing or disguising someone or something's appearance, intentions, or aspects to blend in with the surrounding environment or situation.