Which of the Following Is an Example of Market Failure

question 69

Multiple Choice

Which of the following is an example of market failure?

• A) negative externalities
• B) positive externalities
• C) public goods
• D) all of these

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Definitions:

Closure

The psychological need to see an activity or task through to completion, or the sense of resolution or conclusion at the end of an emotional or narrative arc.

Figure-ground Principle

A perceptual grouping principle in which the mind differentiates an object (the figure) from its surrounding area (the ground).

Foreground-background

A concept in visual perception where the focus is on distinguishing the main subject (foreground) from the surrounding environment or background.

Perceptual Apathy

A lack of interest or concern regarding perception, leading to indifference to sensory experiences or stimuli.