When Resources Are Misallocated, or Allocated Inefficiently

question 104

Multiple Choice

When resources are misallocated, or allocated inefficiently,

• A) market failure occurs.
• B) then there must be external costs or benefits in production.
• C) then it must be the case that there is imperfect information in the market.
• D) then it must be the case that the good is a public good.

---

Definitions:

"You" Attitude

A communication perspective that focuses on and prioritizes the audience’s interests, needs, and preferences.

Poorly Written

Describes a piece of writing that lacks clarity, coherence, grammar, or proper structure, making it difficult to understand.

Professional

Pertaining to someone who engages in a particular occupation for pay or as a means of livelihood; exhibits qualities that are characteristic of a profession.

Positive Emphasis

The act of focusing on the positive aspects of a situation or piece of information, often to encourage or motivate.