Use the Following to Answer Question(s): Market Failure 1

question 57

Multiple Choice

Use the following to answer question(s) : Market Failure 1

-(Exhibit: Market Failure 1) A competitive market, free of market failures, will achieve an equilibrium price _______ and an equilibrium quantity _______ .

• A) 0A; 0E
• B) 0A; 0G
• C) 0B; 0F
• D) 0C; 0E

---

Definitions:

Human Resource

The department within an organization that deals with recruitment, management, and guiding the people who work in it, focusing on policies and systems.

Organisational Development

An area focused on enhancing the understanding and capabilities of people for better organizational change and performance, through research, theory, and practice.

Survey Feedback

A method of gathering information from respondents to derive conclusions and make decisions based on their responses.

Effectiveness

The degree to which objectives are achieved and the extent to which targeted problems are solved.