Which of the Following Is a Source of Market Failure

question 172

Multiple Choice

Which of the following is a source of market failure?

• A)Unforeseen circumstances which lead to the bankruptcy of many firms
• B)A lack of government intervention in a market
• C)Incomplete property rights or inability to enforce property rights
• D)An inequitable income distribution

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Definitions:

Base-Catalyzed Hydration

A reaction in which water adds across a carbon-carbon double bond in the presence of a base, leading to the formation of an alcohol.

2-Butanone

Also known as methyl ethyl ketone (MEK), it is a solvent used in various industrial applications with a sharp, sweet odor.

Organic Product

A molecule synthesized by an organic reaction, typically consisting primarily of carbon and hydrogen atoms, along with other elements such as oxygen, nitrogen, sulfur, or halogens.

Nucleophilic Addition

A fundamental type of reaction in organic chemistry where a nucleophile forms a bond with an electrophile, typically resulting in the addition of the nucleophile to a carbon atom.