Market failure occurs whenever "free markets fail to distribute resources efficiently".
<u>Answer:</u> Option A
<u>Explanation:</u>
The free market is a supply and demand-based economic system, with minor or zero government control. Market failure take place on the failure of efficient resource distribution, because if the demand of public will not be met on time than self life of product start decreasing and consumers may find alternatives to fulfill needs.
The causes for free market failure may be resulted from following factors like:
- positive and negative externalities,
- environmental concerns,
- lack of public goods,
- under-supply of merit goods,
- over-supply of demerit products and
- misuse of monopoly power.
This is used as support, I don’t think you should do these type of things
Answer: Co-actor
Explanation:
Co-actor, in terms of social facilitation is the person who performs the same activity or action along with the performer.This mechanism is not performed in competitive manner.Performers tends to improve his performance while in presence of audience and co-actor.
According to the question,the guy is known as co-actor in terms of social facilitation as he is performing the same act of sitting along with the person.Thus,this impacts behavior of person as a performer.
The smoking problem among minors
