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28 Oct 2020
8. In case of market failure, the private market fails to achieve efficient output because:
a. firms do not account for all costs incurred in the production of output
b. consumers do not account for all benefits obtained (a positive externality).
c. both of the above
d. none of the above
8. In case of market failure, the private market fails to achieve efficient output because:
a. firms do not account for all costs incurred in the production of output
b. consumers do not account for all benefits obtained (a positive externality).
c. both of the above
d. none of the above
Raushan RajLv8
28 Oct 2020
