Which of the following is least likely to be associated with market failure, and is consequently least likely to require any form of state regulation or intervention? a) Hake fishing off the west coast of South Africa b) The provision of education services in government schools. c) The provision of education services in private schools d) The market for fast foods
Which of the following is least likely to be associated with market failure, and is consequently least likely to require any form of state regulation or intervention? a) Hake fishing off the west coast of South Africa b) The provision of education services in government schools. c) The provision of education services in private schools d) The market for fast foods
Chapter4: Markets In Action
Section: Chapter Questions
Problem 20SQ
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Question
Which of the following is least likely to be associated with market failure, and is consequently least likely to require any form of state regulation or intervention?
a) Hake fishing off the west coast of South Africa
b) The provision of education services in government schools.
c) The provision of education services in private schools
d) The market for fast foods
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