What is a market failure, What is a market failure? It

What is a market failure

Assignment Help Business Economics

Reference no: EM131097895

What is a market failure? A.It refers to the inability of the market to allocate resources efficiently up to the point where marginal social benefit equals marginal social cost. B.It refers to the inability of the market to allocate resources efficiently up to the point where marginal social benefit equals marginal private cost. C.It refers to a situation where an entire sector of the economy (for example, the airline industry) collapses because of some unforeseen event. D.It refers to a breakdown in a market economy because of widespread corruption in government.

Reference no: EM131097895

Questions Cloud

Get in the way of trying to achieve the other two goals : In an effort to increase output the government could try to increase the employment, or try to raise capital stock or improve technology. If the government chose to lower taxes in an effort to increase the labor supply, how could this get in the way ..

Should the government regulate the sale of guns : Following the mass shootings at Pulse nightclub in Orlando this past week, there has been a call for gun control. Should the government regulate the sale of guns and under what circumstances? Does the regulation of guns differ from the regulation ..

Average inflation rates tend to be higher in countries : Average inflation rates tend to be higher in countries that have relatively weak judicial systems and property rights (remember chapter 1 and the importance of secure property rights?). Why do you think this is the case? Would you expect these countr..

Write the results statistical : What are the F critical values for A effect, B effect, and the interaction - Which effects are significant? Write the results statistical

What is a market failure : What is a market failure? It refers to a breakdown in a market economy because of widespread corruption in government.

Original amount of the mortgage loan : A mortgage loan is repaid with annual installment payments payable at the end of each year for 30 years. Each subsequent payment is 2% higher than the previous one. The interest rate charged on the loan balance is:

Provide a definition of the exp function : E19: Numerical Methods for Engineering Applications Spring 2016 - HOMEWORK 9. In either case, you will need to provide a definition of the exp function which handles dual numbers correctly (see sqrt and cos in dual.py for examples)

Respectable economic motive for selling of state-owned firms : Explain the possible problems for consumers of each of the following ways of dealing with a natural monopoly: Why do most economists argue that the money raised by selling off state-owned firms is not an especially good argument for selling them? Wha..

New contract with the federal government : Congratulations! Your company just won a lucrative new contract with the Federal Government to supply widgets for a total value of $50 million. If you perform well and on time on this job it will open the door to hundreds of millions more of futur..

User Account

All Pages