When firms have the power to restrict output, raise prices, stifle competition, and inhibit innovation the market failure involved is:<\/p>
Select one:<\/p>
a.<\/p>
Externalities <\/p>
b.<\/p>
Inequities <\/p>
c.<\/p>
Public goods<\/p>
d.<\/p>
Market Power<\/p>", "transcribed_text": "", "related_book": { "title": "Microeconomics", "isbn": "978-1464146978, 1464146977", "edition": "1st Edition", "authors": "Austan Goolsbee, Steven Levitt, Chad Syverson", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/720.jpg", "uri": "\/textbooks\/microeconomics-1st-edition-9781464146978", "see_more_uri": "" }, "free_related_book": { "isbn": "1845922026", "uri": "\/textbooks\/the-law-and-taxation-of-trusts-1st-edition-9781845922023", "name": "The Law And Taxation Of Trusts", "edition": "1st Edition" }, "question_posted": "2024-06-13 03:09:27", "see_more_questions_link": "\/study-help\/questions\/business-corporate-finance-2020-July-01", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/we-always-need-to-look-closely-at-our-data-sometimes", "description": "We always need to look closely at our data. 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