Which of the Following Is Not a Market Failure

question 50

Multiple Choice

Which of the following is not a market failure?

• A) A lack of competition in some markets.
• B) Prices determined in competitive markets, where an individual consumer has no control over price.
• C) The presence of externalities in some markets.
• D) A lack of public goods desired by a majority of citizens.

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Definitions:

Implicit Leadership Theories

Personal beliefs or assumptions individuals hold about the traits and abilities that make someone an effective leader, influencing how leaders are perceived and evaluated.

Insightful Comments

Observations or remarks that show a deep understanding of a topic or situation, often shedding new light on it.

Group's Leader

Describes the person who is recognized as guiding, directing, and influencing the actions and opinions of a group towards achieving its objectives.

James McGregor Burns

A political scientist known for his work on leadership theories, especially his introduction of the concept of transformational leadership.