Sources of Market Failure Include

question 76

Multiple Choice

Sources of market failure include

• A) private goods.
• B) competitive behavior.
• C) externalities.
• D) unequal income distribution.

---

Definitions:

Self-development

The process of improving oneself through activities that enhance personal knowledge, skills, and abilities.

Guidelines

Recommendations or principles provided to advise or direct actions and decision-making.

Failure

The condition or event of not achieving a desired or intended objective, often used to describe a deficiency in performance.

Learning from Experience

Learning from experience involves acquiring skills, knowledge, and insights through direct involvement in activities rather than through formal education or training.