Which of the Following Can Lead to Market Failure

question 70

Multiple Choice

Which of the following can lead to market failure?

• A)externalities and market power
• B)externalities but not market power
• C)market power but not externalities
• D)neither externalities nor market power

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Definitions:

Policy Practice

The profession and discipline of applying social policy, focusing on the ways to develop, implement, evaluate, and improve social programs and services.

Streams of Problems

Continuous or recurring sets of issues or challenges that need to be addressed by individuals, organizations, or societies.

Policy Advocate

A policy advocate is a person who actively supports and promotes specific policies or legislative changes, seeking to influence public opinion or decision-making processes in favor of those policies.

Using Data

The practice of employing facts and statistics collected together for reference or analysis to inform decisions or understand patterns.