The Term Market Failure Refers to

question 428

Multiple Choice

The term market failure refers to

• A) a market that fails to allocate resources efficiently.
• B) an unsuccessful advertising campaign which reduces demand.
• C) ruthless competition among firms.
• D) a firm that is forced out of business because of losses.s

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Definitions:

Leukocytes

White blood cells that are part of the immune system, helping the body to fight infections and other diseases.

White Blood Cells

Cells of the immune system involved in protecting the body against both infectious disease and foreign invaders.

Immune System Efficiency

The effectiveness with which the immune system identifies, responds to, and eliminates pathogens and foreign substances.

Organ Transplants

Medical procedures in which an organ is removed from one body and placed in the body of a recipient, to replace a damaged or missing organ.