A Market Failure

question 27

Multiple Choice

A market failure:

• A) is a source of inefficiency in an imperfectly competitive economy.
• B) can always be corrected by government intervention.
• C) cannot be corrected.
• D) is a theoretical proposition that has never been proven to exist.

---

Definitions:

Online Groups

Communities or collections of individuals who interact through digital platforms, sharing interests, goals, or purposes via the internet.

Norms

Shared expectations and rules that guide behavior within a group or society, often unspoken and learned through social interaction.

Reactance Theory

Suggests that individuals may react against threats to their freedom of choice by doing the opposite of what they are being pushed towards, to reassert their autonomy.

Plan A

The primary strategy or course of action intended to achieve a specific goal before any alternatives are considered.