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encourages people to conserve It. B) people acting in their own self interest can create outcomes which are best for society as a whole. c) people acting in their own self interest can create outcomes which are bad for society as a whole. D)of the existence of private property rights. Question 13 All of the following can occur with a market failure except A) the quantity in the free market is too low. B) the price in the free market is too high. C) resources are allocated efficiently. D) the quantity in the free market is too high.

encourages people to conserve It. B) people acting in their own self interest can create outcomes which are best for society as a whole. c) people acting in their own self interest can create outcomes which are bad for society as a whole. D)of the existence of private property rights. Question 13 All of the following can occur with a market failure except A) the quantity in the free market is too low. B) the price in the free market is too high. C) resources are allocated efficiently. D) the quantity in the free market is too high.

Principles Of Marketing
Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
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The tragedy of the commons Occurs because A)shared ownership of a common resource encourages people to conserve it. B) people acting in their own self interest can create outcomes which are best for society as a whole. c) people acting in their own self interest can create outcomes which are bad for society as a whole. D)of the existence of private property rights. Question 13 All of the following can occur with a market failure except A) the quantity in the free market is too low. B) the price in the free market is too high. C) resources are allocated efficiently. D) the quantity in the free market is too high.
Transcribed Image Text:The tragedy of the commons Occurs because A)shared ownership of a common resource encourages people to conserve it. B) people acting in their own self interest can create outcomes which are best for society as a whole. c) people acting in their own self interest can create outcomes which are bad for society as a whole. D)of the existence of private property rights. Question 13 All of the following can occur with a market failure except A) the quantity in the free market is too low. B) the price in the free market is too high. C) resources are allocated efficiently. D) the quantity in the free market is too high.
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