A Market Failure

question 52

Multiple Choice

A market failure

• A) Is a source of inefficiency in an imperfectly competitive economy
• B) May not be corrected by government intervention
• C) Cannot be corrected
• D) May be corrected by self-selection

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Definitions:

Sandy Surface

An area covered with or consisting of sand, often found in deserts, beaches, or as a soil composition.

Glass

A hard, brittle material typically made by melting sand with silicates, used in windows, bottles, and many other objects.

Wehrmacht

The unified armed forces of Nazi Germany from 1935 to 1945, comprising the Heer (army), Kriegsmarine (navy), and the Luftwaffe (air force).

Berlin

The capital and largest city of Germany, known for its history, culture, and role in global politics.