When markets fail to allocate resources efficiently, the ultimate source of the problem is usually ?

Related Mcqs:

If one person’s consumption of a good diminishes other people’s use of the good, the good is said to be ?

A. rival B. a good produced by a natural monopoly C. a common resource D. excludable...

A good produced by a natural monopoly is ?

A. rival but not excludable B. neither rival nor excludable C. not rival but excludable D. both rival and excludable...

A free rider is a person who ?

A. receives the benefits of a good but avoids paying for it. B. pays for a good but fails to receive any benefit from the good C. fails to produce goods but is allowed to consume goods. D. produces a good but fails to receive payment for the good...

A positive externality affects market efficiency in a manner similar to a ?

A. rival good B. public good C. private good D. common resource...

A negative externality affect market efficiency in a manner similar to ?

A. an excludable good. B. a private good C. a common resource D. a public good....