Market failure is a situation in which
A. negative economic profits persist in the long run.
B. negative economic profits exist in the short run.
C. the market does not provide the ideal or optimal amount of a particular good.
D. both a and b
E. a, b, and c
Answer: C
Economics
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An anticipated change in the money supply will result in a(n) __________ level of economic activity and a __________ price level
A) increased; higher B) decreased; higher C) unchanged; lower D) unchanged; higher
Economics
Monetarists reject the idea that velocity is not constant. Nonetheless, they believe that it is still highly predictable, well-behaved, and dependent on the money supply
Indicate whether the statement is true or false
Economics