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stellarik [79]
3 years ago
6

Bakers are much likely to supply pastries to the market if property rights are not enforced. In the presence of market failures,

public policy can improve economic efficiency. Classify the source of market failure in each case listed.
Business
1 answer:
bixtya [17]3 years ago
6 0

Answer:

1) When there is only one car dealership in a small town, giving the dealership the ability to influence the price of cars, market failure is due to <u>MARKET POWER. </u>

2) When a manufacturing plant dumps chemical waste into a nearby river, poisoning the water supply for a small town downstream, market failure is due to <u>EXTERNALITY.</u>

Explanation:

The car dealership has an excessive market power , which refers to the firms ability to increase the price of its products (cars) above the price of a competitive market.

When the manufacturing plant dumps chemical wastes into the river, it is causing a negative externality  on the town's water supply. This means that the town (which is a third party in this case) is suffering from the actions  of another party's economic transactions.

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8 0
3 years ago
Barry, a solvent individual but a recovering alcoholic, embezzled $6,000 from his employer. In the same year that he embezzled t
skad [1K]

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Explanation:

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7 0
3 years ago
The company employs a single employee who works all five weekdays and is paid on the following Monday. The employee works the en
IrinaVladis [17]

Answer: The answer is provided below

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Delicious77 [7]

Answer:

all of the above

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All of these represent features of evidence-based practice (EBP). It is now common for insurance companies to adjust the services they will pay for based on EBP guidelines.

7 0
3 years ago
Read 2 more answers
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