We Say a Market Is "Missing" When

question 91

Multiple Choice

We say a market is "missing" when:

• A) there is no place for potential buyers and sellers to exchange a particular good or service.
• B) the quantity being exchanged is at or close to zero.
• C) there is an absence of a well-functioning market, and total surplus is lower than it could be.
• D) All of these are true.

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Definitions:

Behavioral Interview

A candidate is asked how he or she handled a particular problem in the past.

Past Problems

Issues or difficulties that were faced in the past.

Political Blunder

An insensitive act, also referred to as “putting your foot in your mouth”.

Loan Officer

A professional responsible for evaluating, authorizing, or recommending approval of loan applications for individuals and businesses.