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lana [24]
3 years ago
13

The term "market failure" a. refers to the dissolution of a market when firms decide to quit producing a certain product. b. ref

ers to government's failure to enforce the property rights of households or firms that participate in a certain market. c. refers to the failure of a market to produce an efficient allocation of resources. d. means the same thing as "market power."
Business
1 answer:
gulaghasi [49]3 years ago
7 0

Answer:

c. refers to the failure of a market to produce an efficient allocation of resources.

Explanation:

Market failure occurs when distribution of goods and services in a market is not efficient. This leads to low incentive for rational behaviour.

Individuals make decisions that will benefits themselves alone while the group suffers. This results in disequilibrium where the quantity supplied does not equate to amount demanded.

Market failure can be solved by using methods like government imposed solutions or voluntary collective actions.

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Wolverine Company financial statements included the effects of these errors: Reported Net Income for Year 1 was $20,000. Reporte
Natali [406]

Answer:

Net income year 2 = $21,300

Explanation:

I looked for the missing information and found this:

Year            Depreciation overstated         Prepaid expense omitted

1                              $2,500                                $2,000

2                             $4,000                                $2,700

If your question doesn't include the same values, just adjust the answer.

Year 2's net income = net income (year 2) + overstated depreciation (year 2) + omitted prepaid expenses (year 1) - omitted prepaid expenses (year 2) = $18,000 + $4,000 + $2,000 - $2,700 = $21,300

5 0
3 years ago
The contract Jack is signing has a clause that protects his assets from a deficiency judgment in case of foreclosure. What is th
charle [14.2K]

Answer:

exculpatory clause

Explanation:

Exculpatory clause in contracts is a clause that protects the person issuing it from liabilities of damages to an asset that may not be in their possession or out of their control. It prevents one party from the holding the other liable for damages to an asset during the execution of a contract. This is what Jack has done to protect himself from the liabilities that may result from any damages during the contract.

4 0
2 years ago
Which of the following is a potential advantage to working in a commercial fitness facility?A. Can work from homeB. In-house emp
nikklg [1K]

Answer: Option B

           

Explanation: In simple words, commercial fitness facility refers to the gymnasiums an other such facility centers where individuals can go and work out for a better health and fitness. In house training refers to the knowledge that an employee gains while working for an organisation.

Employees working in such facility centers have the advantage to learn new techniques and exercises while working and getting paid. These facilities core operations relates to training their clients and making them more healthy thus they have to train their employees properly so they can handle the clients.

While doing so employee would get an in house training for the work that he or she is going to perform in the future,

7 0
3 years ago
You are given the following data concerning​ Freedonia, a legendary​ country: Consumption​ Function: C​ = 100 100 ​+ 0.8 0.8Y ​I
Sedaia [141]

Answer: Y = 1400

Explanation:

AE = C+I

Y = 300 + 0.8Y

Y = 3000/2

C = 1200 + 200

C = 1400

3 0
3 years ago
Tp-20 a boater would use a tide table for what type of information?
balu736 [363]

A boater used tide tables or the following information:

The information about the water, whether it is enough to navigate in is given by tide tables, and also tells you about the tides either it is low or high.

<span>For example at low if there is only three feet water and you boat requires five feet water to function, then the boater will wait until the tides come in.</span>

7 0
3 years ago
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