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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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Answer:

The correct answer is B.

Explanation:

Giving the following information:

Determine which costing method​ (variable costing or absorption​ costing) accounts for fixed manufacturing costs as costs of the​ period:

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Absorption costing allocated fixed manufacturing costs to the product. Therefore, the fixed costs go to the cost of goods sold.

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4 years ago
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4 years ago
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7 0
3 years ago
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According to mainstream business cycle​ theory, _______. A. the money wage rate is sticky and consequently if aggregate demand g
Ymorist [56]

Answer:

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Explanation:

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RUDIKE [14]

Answer:

The precedence diagramming method depicts relationships between activities.

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