“Market failure” is best defined as ______.
A. a phenomenon that occurs when markets fail to perform efficiently or they fail to perform according to other widely held social values
B. a phenomenon that occurs when markets perform efficiently or they perform according to other widely held social values
C. a phenomenon that occurs when markets crash, generating an economic crisis such as during the Great Depression
D. a phenomenon that occurs when markets experience simultaneous high inflation and high unemployment
A. a phenomenon that occurs when markets fail to perform efficiently or they fail to perform according to other widely held social values
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Which of the following is agovernment corporation?
a. the Food and Drug Administration b. the Federal Elections Commission c. the U.S. Postal Service d. the Occupational Safety and Health Administration
Patents might be granted for
a. underground water rights. b. music and fine art. c. a newly discovered gene. d. All of the above are correct.