Which of the Following Is an Example of a Market

question 75

Multiple Choice

Which of the following is an example of a market failure?

• A) There are not enough tickets available to concerts of extremely popular performers and artists
• B) The price of medical care has risen dramatically as a result of the introduction of sophisticated equipment and procedures
• C) Successful public schools provide benefits to the students who attend them, as well as to the community as a whole including those who don't go to those public schools
• D) Extensive decreases in the prices of electronic equipment resulted in large numbers of bankruptcies in the computer industry

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Definitions:

Latino

People from, or with ancestry in, Latin America, often used interchangeably with Hispanic.

African-American

A term referring to Americans of African descent, particularly those whose ancestors were enslaved and brought to the United States.

DSM-5

A crucial reference for healthcare providers, the Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition, provides comprehensive direction on diagnosing mental illnesses.

Bulimia Nervosa

An eating disorder marked by binge eating followed by methods to avoid weight gain, such as vomiting.