Obstacles in Achieving Efficiency in a Market Include

question 201

Multiple Choice

Obstacles in achieving efficiency in a market include

• A) public goods.
• B) the presence of an external cost or benefit.
• C) competition.
• D) Both answers A and C are correct.
• E) Both answers A and B are correct.

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Definitions:

Occupations

Various forms of employment or professions in which individuals engage to earn a living.

Family Life

The day-to-day interaction, structure, and functions of individuals within a family unit, including socialization, support, and the fulfillment of emotional needs.

Divorce Rate

A statistical measure showing the number of divorces per year per 1,000 people in a population.

Parental Influence

The impact that parents have on their children's development, including their behaviors, values, and life choices.