Pertanyaan
Public goods are examples of market failure because the ______ _____ cannot distribute the ______.
Jawaban
Penjelasan
Step1:
Identify the Concept of Public Goods Public goods are non-excludable and non-rivalrous, meaning they are available to everyone and one person's use does not reduce availability to others.
Step2:
Understand Market Failure Market failure occurs when the market does not allocate resources efficiently, leading to overproduction or underproduction of goods and services.
Step3:
Connect Public Goods to Market Failure Since public goods are non-excludable and non-rivalrous, the free market often fails to provide them efficiently due to the lack of incentives for private producers.
Step4:
Identify the Missing ElementsThe free market efficiency side effects refer to the inability of the market to distribute public goods efficiently.
Pertanyaan Panas lebih
Advantages of a two-factor design
coach expectancy theory
Which of the following is not a characteristic of effective reward and incentive systems?
836. Which of the following business structures incorporates limited as well as unlimited liability?
use by date is a _______ and best/sell by date is a ______
3 types of demand
Failure to achieve its aims
Most products are adding to their improvement.
Corporate culture:
By the end of 2011, Threadless hired Jason Macatangay as Vice President of Finance. Which of the following descriptions bestencapsulates his primary r
Exam 4: Question 2 What is the Federal Reserve's mandate? to print as many dollars as possible without causing inflation to encourage inflation and ra
People who develop product specifications and evaluate alternatives (buying center roles)
Commonly used framing techniques
In futures market, what type of risk can clearinghouse control for that forwards markets cannot? Interest risk Default risk Systematic risk Liquidity
What are the four categories of Analytics?