Market failure:
a. Commonly occurs when social environmental costs exist.
b. Commonly occurs when externalities exist.
c. Commonly occurs when market prices are not equal to full economic costs.
d. a and b above.
e. All of the above.
e
You might also like to view...
Explain the meaning of regenerative braking.
What will be an ideal response?
What controls the indoor blower motor on an 80% induced draft furnace?
A) the fan relay B) the thermostat C) the fan switch D) the integrated furnace control board
In some systems, what is circulated through the heat exchanger inside the ice to melt it from the inside out?
A) cooling tower exhaust gas B) refrigerant discharge gas C) warm water D) warm glycol
Critics claim the public is misinformed about the safety and ____________________ of organically produced food
Fill in the blank(s) with correct word