When misallocation of resources for production of a good results in spillover effects on third parties, there is a
A) market failure.
B) government failure.
C) legislative failure.
D) productive failure.
Answer: A
Economics
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Which of the following is NOT statistically correlated with higher economic growth rates?
A) higher rates of private investment spending B) higher rates of government investment spending C) greater political stability D) higher fertility rates E) higher school enrollment rates
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A firm could not be engaged in successful predatory pricing if: a. It charged prices greater than the average variable cost of production. b. It drove rivals out of the market
c. It raised its prices after its price cutting campaign. d. None of the above is true.
Economics