Economists Suggest That a Market Can Fail If

question 101

Multiple Choice

Economists suggest that a market can fail if

• A)consumers have to pay more than they want to.
• B)producers get smaller profits than they desire.
• C)governments dictate prices.
• D)the buyer or seller exerts significant power such that they can dictate price.

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Definitions:

Shirt

A piece of clothing worn on the upper body, typically with sleeves and a collar, and used for casual or formal occasions.

Pants

A piece of clothing for the lower body from waist to ankles, covering each leg separately.

Belt

A flexible band or strap, typically made of leather or cloth and worn around the waist, to support or hold in clothing, carry weapons, or serve as a fashion item.

Shoes

Footwear items designed to protect and comfort human feet while offering support for various activities.