Market failure results in
A. inflation.
B. Pareto optimality.
C. waste.
D. budget deficits.
Answer: C
Economics
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Business cycles in the United States after World War II have been
a. more severe than before the war. b. less severe than before the war. c. the same as the pre-war cycles. d. easier to predict than the pre-war cycles.
Economics
Identify the ways in which a bondholder's rights differ from those of a stockholder. In what ways do they differ when a firm is bankrupt?
What will be an ideal response?
Economics