The Term "Market Failure

question 18

Multiple Choice

The term "market failure"

• A)means the same thing as "market power."
• B)refers to the dissolution of a market when firms decide to quit producing a certain product.
• C)refers to the failure of a market to produce an efficient allocation of resources.
• D)refers to government's failure to enforce the property rights of households or firms that participate in a certain market.

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Definitions:

Halitosis

Clinical term for bad breath, often a symptom of dental problems or gastrointestinal issues.

Dysentery

An infectious disease causing severe diarrhea with the presence of blood and mucus in the feces.

Dys-

A prefix denoting difficult, painful, or abnormal.

Enamel

The hard, protective outer covering of the crown of a tooth, made of mineralized substances.