<u>Because the </u><u>equilibrium quality </u><u>chosen by the market would be lower than the level that most people would consider desirable, the quantity of public college education determined in a free market (without government intervention) is a</u><u> market failure.</u>
How does government intervention lead to a collapse of the market?
- Lack of information, market regulation, public goods, and externalities can all contribute to market failure.
- Government intervention, such as new laws, taxes, tariffs, subsidies, and trade restrictions, can be used to fix market failures.
How does the market for education fail?
- Due to systematic undervaluation of the roles of motivation and engagement by educational policy, there is a significant market failure in the context of education.
- Lack of metrics for those qualities and ignorance of their potential usefulness serve as examples of this undervaluation.
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Answer:
Human needs are the impulse that individuals have to access certain goods or things. Scarcity, in turn, is the lack of goods or things to meet the needs of all humans in general.
Therefore, all human needs could be covered without major problems if the phenomenon of scarcity did not exist, that is, if there were more goods available than those demanded by society.
C the answers for the quiz and brown button up and the black top set of a hoodie jacket night grope that helps
Answer:
The correct answer is "Patent infringement"
Explanation:
Patent infringement is when somebody uses or sells a patented item without the approvement of the patent holder. The permission is guaranteed in the form of a license. The patent holder may receive a compensation from the impostor for the unauthorized use.
Bayard organized, owns, and operates, Cypress Tours in the simplest form of business organization. This is called sole proprietorship.
<h3>What is a sole proprietorship in business?</h3>
A sole proprietorship is a type of business is can be managed and operated by an individual, or a business corporation. There exist no partners in the business corporation.
Therefore, we can conclude that Bayard who owns and operates Cypress TOurs in the simplest form of the business organization runs a sole proprietorship business and not a partnership, franchise, or corporation.
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