Market Failure Occurs When

question 81

Multiple Choice

Market failure occurs when

• A)stock markets crash because of the heavy selling of equities.
• B)an economy fails to allocate resources efficiently on its own
• C)consumer demand shows signs of slowing down​
• D)an economy cannot produce a good or service at a lower opportunity cost than others.
• E)there is a scarcity or surplus of goods in a market.

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Definitions:

Physical Activities

Any bodily movement produced by skeletal muscles that requires energy expenditure, contributing to physical fitness.

Asthma

A chronic respiratory disease characterized by sudden attacks of coughing, wheezing, and difficulty in breathing.

Chronic Medical Condition

A long-lasting health condition that may not have a cure and requires ongoing treatment and management.

Acute Medical Condition

A disease or disorder that comes on rapidly and is typically of short duration, requiring urgent care.