Market Failure Results from Which of the Following in the Medical

question 10

Multiple Choice

Market failure results from which of the following in the medical care market?

• A) Lack of fully informed consumers
• B) Social equity
• C) Externalities
• D) All of the above
• E) None of the above

---

Definitions:

Philanthropy

The act of giving money, goods, time, or effort to support a charitable cause, often aimed at improving human welfare.

African Resistance

A term encompassing various forms of opposition and struggle by African people against European colonialism, cultural assimilation, and exploitation throughout the continent's history.

European Imperial Expansion

The period, primarily between the 15th and 20th centuries, when European powers expanded their territories globally through colonization and conquest.