An Example of a Market Failure Is

question 226

Multiple Choice

An example of a market failure is

• A) a firm is dumping toxic waste that is making people sick.
• B) when not everyone who wants to see a major league football game can.
• C) when there is an increase in gasoline demand and a shortage develops.
• D) when the market prices of some vehicles are too high for some buyers.

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Definitions:

Gender Identity

Our sense of being male or female.

Gender Roles

Societal norms dictating the behaviors, actions, and roles deemed appropriate for men and women based on their sex.

Psychological Similarities

Traits or characteristics that demonstrate a likeness in mental or emotional processes between individuals or groups.

Genetic Factors

Attributes related to an individual's DNA that influence their physical and mental characteristics.