What Does the Term Market Failure Mean

question 131

Multiple Choice

What does the term market failure mean?

• A)The inability of markets to ensure that people get what they want.
• B)The inability of markets to ensure that an efficient or equitable allocation of resources is attained.
• C)The inability of the government to ensure that productive or allocative efficiency is attained.
• D)The inability of the government to ensure that people get what they want.

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Definitions:

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