Market Failure Can Occur Even When the Price Signals Are

question 31

True/False

Market failure can occur even when the price signals are accurate.
The market may fail even when the price signals are accurate.The response to price signals,rather than the signals themselves,may be flawed.For example,there may be externalities present.

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Definitions:

Cash Receipt

Documented acknowledgment of the receipt of cash, typically recorded at the time cash is received from customers or other sources.