Your best friend has an idea for a long-distancecar service to drive people across the country.Indicate the best explanation for why others havenot taken advantage of her idea: true innovation, market failure, intervention, unprofitable.

Your best friend has an idea for a long-distancecar service to drive people across the country.Indicate the best explanation for why others havenot taken advantage of her idea: true innovation, market failure, intervention, unprofitable.

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter2: Economic Systems And The American Economy

Section2.2: Characteristics Of The American Economy

Problem 5R

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Market Equilibrium and Failure

The economy of a country or any place depends on the market demand and market supply of goods and services.

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Your best friend has an idea for a long-distance
car service to drive people across the country.
Indicate the best explanation for why others have
not taken advantage of her idea: true innovation, market failure, intervention, unprofitable.

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