An Example of a Market Failure Is When

question 146

Multiple Choice

An example of a market failure is when:

• A) one person's consumption of a good imposes costs on others
• B) a firm selling a product faces competition from many other sellers.
• C) a good is priced too high for poor families to afford.
• D) the distribution of surplus is unfair.

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Definitions:

Audience Interaction

The engagement and communication between a presenter and their audience, which can enhance comprehension and retention.

Conveyed

The act of transporting or transmitting information, feelings, or objects from one place or person to another.

Exact Manner

An exact manner refers to doing something in a precise, accurate, and meticulous way, leaving no room for error or ambiguity.

Hashtag

A word or phrase preceded by a hash sign (#), used on social media to identify messages on a specific topic.