The First Economist to Systematically Analyze Market Failure Was

question 105

Multiple Choice

The first economist to systematically analyze market failure was

• A)Adam Smith.
• B)Ronald Coase.
• C)A. C. Pigou.
• D)J. E. Meade.

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Definitions:

Corporation

A business organized as a separate legal entity under state corporation law, having ownership divided into transferable shares of stock.

Earnings Per Share

A financial metric that measures the portion of a company's profit allocated to each outstanding share of common stock, presenting a company's profitability.

Stockholders' Equity

The residual interest in the assets of a corporation that remains after deducting its liabilities, representing ownership value in the company.

Sales Revenue

The total income received by a company from its sales of goods or services before any expenses are subtracted.