--%>

Explain about term market failure

The phrase "market failure" refers to: (w) the failure of market economies to deal with social problems. (x) the Stock Market Crash of 1929. (y) cases where supplies and demands within private markets yield inefficiency, excessive or inequity instability. (z) logrolling and pork barrel legislation that powerful particular interest groups secure by lobbying.

I need a good answer on the topic of Economic problems. Please give me your suggestion for the same by using above options.

   Related Questions in Microeconomics

  • Q : Measurement of below poverty line Below

    Below the poverty line the proportion of the U.S. population is: (w) rises with upturns of the business cycle. (x) has declined, though somewhat erratically, over the past 50 years. (y) has been virtually eliminated by a vigorous “War on Poverty

  • Q : What is Imperfect data Imperfect data :

    Imperfect data: Most studies start with imperfect data. Few datasets involve the entire population of interest. Typically, the data has been gathered by others for specific purposes, and as such may have built in b

  • Q : Occupational Licensing The capability

    The capability of otherwise skilled workers to engage in specific careers or enter some professions is most likely most inhibited by: (1) Occupational licensing. (2) Wage discrimination. (3) Segregation in school system. (4) Signaling and screening. (5) Union labor co

  • Q : Determine prises when demand and supply

    The demand for textbooks has transferred from D0 to D1 whereas supply changed from S0 to S1. Such shifts make sure that the market equilibrium: (w) price will increase. (x) price will fall.

  • Q : Market power and inefficiency The

    The widespread and unregulated exercise of monopoly power is probable to result within: (1) economic inefficiency because price exceeds marginal cost. (2) the value of national income being higher than under competition. (3) a politically more accepta

  • Q : Fixed constant cash flows in equal

    Financial instruments which promise fixed constant cash flows at equal time intervals forever are termed as: (1) coupon debentures. (2) perpetuities. (3) perennials. (4) residuals. (5) dividends. Please choose the righ

  • Q : Illustrations of transfer programs

    Illustrations of transfer programs do not comprises: (w) welfare payments. (x) food stamps. (y) aid for dependent children (AFDC). (z) corporate income taxes. Hello guys I want your advice. Please recommend some vi

  • Q : Monopoly a monopolist has two plants

    a monopolist has two plants with two different cost functions.given output for one plantis given how do calculate output for the other plant?

  • Q : Problem on Normal and Inferior Goods

    Lobster is a normal good and peanut butter is a poorer good. When your income increases, you will most likely consume: (1) More of both the goods. (2) More lobster and less peanut butter. (3) More peanut butter and less lobster. (4) Less of both goods.

    Q : Determine linear demand curve-elasticity

    Beside a negatively sloped, that has straight-line demand curve, there one constant is: (w) price. (x) quantity demanded. (y) slope. (z) the price elasticity of demand. Please guys help to solve this problem of