Which of the following phenomena is NOT an example of market failure? a. A positive externality. b. Diminishing marginal returns. c. Moral hazard. d. Asymmetric information. e. Public goods.

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Q: What is meant by Public Policy?  a. State an Introduction, Defination and Conclusion.

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A: Moral hazard: - moral hazard is the situation in which a person or an institution increases exposure…

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Q: s. Discuss how organizations can promote an ethical climate.

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A: A negative externality is a cost that is suffered by a third party as a consequence of an economic…

Q: 1. Why does a government use regulations?

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A: Public good refers to those goods that are non rivalry and non excludable in nature.

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A: Market failure refers to the condition where the market fails to achieve the socially efficient…