Answered: Market failure occurs when a market,…

Market failure occurs when a market, left on its own, fails to make decisions in which resources are allocated efficiently. a. FALSE b. TRUE

Microeconomics A Contemporary Intro

10th Edition

ISBN:9781285635101

Author:MCEACHERN

Publisher:MCEACHERN

Chapter4: Demand, Supply, And Markets

Section: Chapter Questions

Problem 10QFR

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Question

Market failure occurs when a market, left on its own, fails to make decisions in which resources are allocated efficiently.
a. FALSE
b. TRUE

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