Causes of Market Failure Include

question 60

Multiple Choice

Causes of market failure include

• A)externalities and market power.
• B)market power and incorrect forecasts of consumer demand.
• C)externalities and foreign competition.
• D)incorrect forecasts of consumer demand and foreign competition.

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Definitions:

Geologic Histories

The study and documentation of Earth's past based on the analysis of rocks, fossils, and other geological data.

Geologic History

The sequence of significant events and changes taking place on Earth from its formation to the present, as interpreted from rock formations and other geological data.

Fossils

Remains, impressions, or traces of ancient organisms preserved in rock.

Climate

The long-term patterns of temperature, humidity, wind, etc., in a particular area, influenced by geography, position relative to oceans and continents, and other factors.