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.

View Complete Question

Related Questions in Microeconomics

Q : Illustration of Distribution of Income

An illustration of distribution of income in accord along with the contribution standard occurs while: (1) the federal government relies on a very progressive income tax for most of its revenue. (2) production is produced, “from each, according

Q : Problem on Conglomerates Can someone

Can someone help me in finding out the precise answer from the given options. K-Mart Corporation operates the K-mart and Sears retail stores, gives financial services like insurance and the Discover card, and consists of a real estate division. Such characteristics re

Q : Problem Based on Economic Rent Location

Location or site rents are as: (w) unrelated to the geographic location of a firm in a market. (x) determined from the fertility of land. (y) generated while a firm’s location allows this to charge more for its output or to pay less for its inpu

Q : Psychic Income problem Assume that a

Assume that a few years after graduating, life as an investment banker became very frustrating that you switched careers to work as the professional cat walker, and were happier even although your annual income fell much than 80 percent. Your decreased money income is

Q : Types of market in economy Types of

Types of market in economy: There are two kinds of market in this economy: Factor market-for Factors of Production and Product market-for goods and Services.

Q : Discrimination In the above diagram,

In the above diagram, the elimination of discrimination is best represented by:

Q : Problem on Jurisdictional Strikes The

The Taft-Hartley Act prohibited strikes against the firm over the issue of which of two or more competing unions would symbolize the firm’s employees. These strikes are termed as: (i) Jurisdictional strikes. (ii) Strategic representation strikes

Q : Problem on Equilibrium condition

Reduction in the size of average American family is most probable to: (i) Erode rates of the technological advancement. (ii) Raise the demand for disposable diapers. (iii) Decrease women’s labor force participation rates. (iv) Increase the contribution of family

Q : Decisions of market for loanable funds

If considering the market for loanable funds, and the classical view of how interest is associated to people’s decisions to save is which: (w) interest income is the prime example of an unearned economic rent. (x) the primary reason for inequali

Q : Oligopoly in market structure Unlike a

Unlike a monopolistically competitive firm, which an oligopoly is described by: (w) product differentiation. (x) extensive use of advertising. (y) conscious interdependence in decisionmaking by firms. (z) independence among firms.

Discover Q & A

Leading Solution Library

Avail More Than 1455257 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1950583
Asked

3,689

Active Tutors

1455257

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment