Which of the Following Is Possible When the Market Fails

question 31

Multiple Choice

Which of the following is possible when the market fails?

• A)The mix of goods and services is on the production possibilities curve.
• B)It is impossible for government intervention to improve the mix of goods and services.
• C)The mix of goods and services is at the correct point on the production possibilities curve.
• D)The mix of goods and services is the optimal mix.

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Definitions:

Team Learning

The process by which a group collectively acquires, shares, and integrates knowledge to improve its capabilities and achieve common goals.

Laissez-faire Managers

Managers who adopt a hands-off approach, allowing employees to make decisions and solve problems independently.

Organization Man Manager

Describes a manager who conforms to the corporate culture and policies very strictly, often prioritizing the company's needs over personal values or creativity.

Authority-compliance Manager

describes a leadership style focused predominantly on efficiency and task completion, often at the expense of team member relationships and morale.