New Upcoming Legal Jobs Free Workshop March 11 at 5 PM. Register here

    Question

    Market failure is the inability

    of
    A some unregulated markets to allocate resources efficiently Correct Answer Incorrect Answer
    B a market to establish an equilibrium price Correct Answer Incorrect Answer
    C buyers to place a value on the good or service Correct Answer Incorrect Answer
    D buyers to interact harmoniously with sellers in the market Correct Answer Incorrect Answer

    Solution

    Market failure is the inability of some unregulated markets to allocate resources efficiently.

    Practice Next