Market Failure Can Be Caused by

question 2

Multiple Choice

Market failure can be caused by

• A)low consumer demand.
• B)equilibrium prices.
• C)externalities and market power.
• D)high prices and foreign competition.

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Definitions:

Percent.format

A method used to format numbers as percentages typically found in internationalization or number formatting libraries.

Efficiency

The measure of the effectiveness of a process or system, often evaluated in terms of time, energy, or cost.

Importing Package

In Java, the act of incorporating existing classes and interfaces from a package into your code.

System.out.printf

A method in Java that allows formatting and printing data to the console or output stream.