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:
Many businesses close during this time of pandemic
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The Christianity's religious capitals were close to the frontier
because the center of influence is primarily is under them and that made them
closer to the frontier but Catholicism was made to be a monopoly as the other
boundaries were made to shrink due to the orthodox.
They fought on the sides of the nationalists in order to try to stop the communists. ... The U.S.<span> had a </span>policy of containment<span> and if one Asian nation fell to communism then they all would.</span>
