Causes of Market Failure Include

question 60

Multiple Choice

Causes of market failure include

• A)externalities and market power.
• B)market power and incorrect forecasts of consumer demand.
• C)externalities and foreign competition.
• D)incorrect forecasts of consumer demand and foreign competition.

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Definitions:

Realistically Possible

A term used to describe actions or outcomes that can feasibly be achieved given existing conditions and limitations.

Understandable Terms

Language or jargon simplified or explained in a way that can be easily comprehended by individuals without specialized knowledge in a subject.

Planning Stage

The phase in project management or intervention development where goals are set, strategies are outlined, and resources are identified and allocated for implementation.