Market Power and Externalities Are Two Possible Causes of Market

question 187

True/False

Market power and externalities are two possible causes of market failure.

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Definitions:

Refractory Periods

Periods immediately after an action during which a neuron or muscle is incapable of repeating that action.

Assertive

The quality of being self-assured and confident without being aggressive, in expressing one's rights, desires, or opinions.

Domineering

Exhibiting overbearing control or dominance over others, often disregarding the feelings or opinions of others.

Teen Years

The period of life that follows the onset of puberty and precedes legal adulthood; generally considered to span from ages 13 to 19.