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18 Mar 2019
Market failure arises when:
a. firms make profits even as some consumers cannot afford their products.
b. consumers find bargains even as some firms are close to going out of business.
c. freely functioning markets fail to provide an optimal amount of goods and services.
d. price ceilings or price floors are imposed in a market.
Market failure arises when:
a. firms make profits even as some consumers cannot afford their products.
b. consumers find bargains even as some firms are close to going out of business.
c. freely functioning markets fail to provide an optimal amount of goods and services.
d. price ceilings or price floors are imposed in a market.
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2 Jun 2021