Market failure occurs whenever "free markets fail to distribute resources efficiently".
<u>Answer:</u> Option A
<u>Explanation:</u>
The free market is a supply and demand-based economic system, with minor or zero government control. Market failure take place on the failure of efficient resource distribution, because if the demand of public will not be met on time than self life of product start decreasing and consumers may find alternatives to fulfill needs.
The causes for free market failure may be resulted from following factors like:
- positive and negative externalities,
- environmental concerns,
- lack of public goods,
- under-supply of merit goods,
- over-supply of demerit products and
- misuse of monopoly power.
Answer: All of the answers except for #2
1. They encourage people to continue creating new products.
3. If everything you worked hard to create was stolen and sold by someone else it would be demoralizing.
4. They benefit investors and idea people who put time and effort into bringing an idea to market.
5. They can keep your great idea from being pirated.
Answer:
thoughtful planning
Explanation:
Marketing is the activity responsible for mapping consumer needs so that companies produce goods and services aimed at the target audience. Thus, companies tend to increase their sales and maximize revenue. Good marketing requires careful planning, ranging from identifying the group of potential consumers, through the design of the produce, to developing advertising that can attract those consumers.
Sport can support nation building through the creation of a common identity on which a nation can build its image, it can at the same time also impede nation building when the athletes in question are decreasing their desire to become a unified nation.
