Question
Which of the following does NOT represent a market failure? a. negative externalities such as pollution b. insufficient production of public goods, such as highways
Which of the following does NOT represent a market failure?
a. negative externalities such as pollution
b. insufficient production of public goods, such as highways and national defense.
c. imperfect competition such as monopolies
d. bankruptcies exist in the economy
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International Trade
Authors: John McLaren
1st edition
0470408790, 978-0470408797
