In a Situation Where a Market Failure Occurs

question 58

Multiple Choice

In a situation where a market failure occurs,

• A) Any government intervention will improve on the market outcome
• B) There is nothing that the government can do to improve on the market outcome
• C) Government intervention might improve on the market outcome
• D) It will always be preferable to have the government intervene in the market

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Definitions:

SortedSet

An interface in the Java Collections Framework representing a set that maintains its elements in ascending order.

Set Interface

An interface in Java Collections Framework representing a collection that contains no duplicate elements and has no specific order.

TreeSet< T >

A navigable set implementation based on a Red-Black tree, which stores its elements in sorted, ascending order.

Boolean

Refers to a primitive data type that has only two possible values: true or false.