Which of the following is not an example of market failure?

Group of answer choices

Public good

Price control

Market power

Externality

Expert Solution

A market failure occurs when there is an inefficient allocation of the goods in the society

Public good-there is an inefficient allocation because the goods are underproduced than the socially optimum level

Market power-the firm having a market power will set MC=MR instead of P=MC for producing the goods which will create an inefficient allocation of the goods

Externality = The externality whether its positive or negative will make the goods allocation inefficient as the goods would be underproduced or overproduced

Price control does not causes inefficient allocation but a shortage or surplus of the goods by setting the minimum or maximum price.

-Price control

Rahul Sunny answered 2 years ago

Which of the following is not an example of a condition causing market failure? very high...

Which of the following is not an example of a condition causing market failure? very high transactions costs that make beneficial agreements extremely expensive. natural monopoly. uneven distribution of wealth and resource ownership leading to inequity in resource allocation. private decisions that lead to negative social externalities. restrictions on access to or prohibitive cost of information. The largest single share of total personal health expenditures in the U.S. comes from: out-of-pocket spending by consumers. private insurance. Medicare. Medicaid. other government...

1. Which one of the following would be an example of a supply-side market failure? A....

1. Which one of the following would be an example of a supply-side market failure? A. Your business wants to attract repeat customers by putting on a customer-appreciation picnic at a public park, but you decide not to because you couldn't prevent noncustomers from consuming the food and entertainment you provided. B. Everyone rushes to the local retail outlet at midnight on the day of the release of a new video game console, and the store runs out before everyone...

1. Why is QWERTY an example of market failure?

Which of the following is an example of an accural error? a. failure to adjust Prepaid...

Which of the following is an example of an accural error? a. failure to adjust Prepaid insurance to its proper balance at year end b. failure to adjust Inventory to its proper balance at year end c. failure to record depreciation at year end d. none of the above Please explain how you got the answer. October 1, 2011, MarCo signs a one-year, 8% note payable for $10,000 with principle and interest due on Oct 1, 2012. It is Marco's...

Which of the following is not an example of a market?

Which of the following is not an example of a market? Multiple Choice EBay An auction Grocery store Donation center

discuss an example of market failure in Hawaii in the environmental aspect.

Is the absence of a COVID vaccine an example of market failure? Explain

a. What is a market failure? Define the two important instances in which market failure can...

a. What is a market failure? Define the two important instances in which market failure can occur. b. What is the social value of a good include in the presence of positive externality?

Which of the following best represents a market failure At the beginning of the pandemic, many...

Which of the following best represents a market failure At the beginning of the pandemic, many grocery stores ran out of toilet paper. Five years ago Mylan pharmaceuticals held 90% of the market with its EpiPen that administers life-saving medication in case of a severe allergic reaction. Between 2014 and 2016, the price of EpiPen rose from just under $300 to nearly $750 per twin pack. The year after the Philadelphia Eagles won the Super Bowl, ticket prices for the opening...

Give an explanatory (numerical) example that illustrates a market failure in the market for used cars....

Give an explanatory (numerical) example that illustrates a market failure in the market for used cars. Please includes an overlap in prices for each quality type and market failure.

Question