Which of the Following Is the Best Example of Market

question 107

Multiple Choice

Which of the following is the best example of market failure?

• A) Lucian wants more video games but doesn't buy them because his willingness to pay is less than the equilibrium price in the market.
• B) Kara's Kitten Shop won't sell more purebred cats because the equilibrium price in the market is less than it would cost her to provide more.
• C) Alex and others in a community want a new outdoor soccer field and are willing to pay to use it,but no private business is willing to build it.
• D) Government fixes the price of gasoline,resulting in a shortage.

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Definitions:

Proposals

Documents or presentations that offer a plan or suggestion, aiming to persuade the recipient to take a specific course of action.

Memo Format

A structured method of communication typically used within organizations to convey information or directives in a concise manner.

Direct Approach

A communication style that involves stating the main point or objective at the beginning, often used in clear and straightforward situations.

Indirect Approach

A communication strategy that involves presenting information in a less straightforward manner, often used to soften the delivery of sensitive or complex messages.