Question
Which of the following does NOT represent a market failure? a. Insufficient production of public goods, such as highways and national defense. b. Imperfect competition
Which of the following does NOT represent a market failure?
| a. | Insufficient production of public goods, such as highways and national defense. | |
| b. | Imperfect competition such as monopolies. | |
| c. | Bankruptcies exist in the economy. | |
| d. | Negative externalities such as pollution. |
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Edexcel AS And A Level Mathematics Pure Mathematics Year 1/AS
Authors: Greg Attwood
1st Edition
129218339X, 978-1292183398
