Market failures are associated with allocative resource efficiency. This is an explanation in classical microeconomic theory to explain situations of exception when private enterprise in a free market system does not allocate resources to the best of its ability. Recalling that by classical microeconomic theory, it is private initiative that allocates resources in the best way, so that the government acts only as a regulator. Thus, private initiative would be able to produce and market goods and services at the lowest cost, that is, more efficiently than if the government acted in the market.
The reason for market success or failure in liberal economies is the prospect of profit. Building apartment buildings is highly profitable, so market parameters work perfectly. Construction firms will strive to build apartments that are appealing to consumers at the lowest possible cost and thus make a profit. However, building a bridge under a river does not bring a prospect of profit, except in the case of toll bridge privatization. It is an infrastructure work necessary to facilitate the transportation of products and people. Therefore, in this case, there is no efficient allocation of resources by the market as there is no prospect of profit. This is the market failure. In this case, it is the government that acts in the construction of the bridge, in order to solve the market failure.
The Fourteenth Amendment to the United States Constitution was adopted on July 9, 1868. Which grant citizenship to African Americans.
All could be said but specifically F or/and D the most likely is F though
The "Red Shirts" are mostly associated with the period that followed after the Reconstruction era of the United States of America. Although they were present from the year 1875 but they became most active after the Reconstruction era. So it can be said that during the late 19th century the "Red Shirts" were most active.
President Lyndon Johnson in 1964
