Question
Market failure occurs when: A. The price system fails to equalize income differentials between individuals B. public policy produces a problem for society or fails
Market failure occurs when:
A. The price system fails to equalize income differentials between individuals
B. public policy produces a problem for society or fails to achieve society's goals
C. The price system produces a problem for society or fails to achieve society's goals
D. government intervention in a market distorts price signals and produces inefficiency
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International Business
Authors: John Daniels, Lee Radebaugh, Daniel Sullivan
16th edition
134200055, 978-0134201542, 013420154X, 978-0134200057
