While economists generally agree that markets are a good way to organise economic behaviour, there are some important exceptions.The exceptions include:
A)some markets produce negative externalities
B)some industries produce positive externalities
C)some markets are characterised by market failure
D)all of the above are true

Question

Quizplus · Accepted Answer

All of the above choices are true. Some markets may produce negative externalities such as pollution, which can harm individuals who are not involved in the market transaction. Some industries may also produce positive externalities, such as education or research and development, which benefit society as a whole. Market failure can occur when the market does not allocate resources efficiently, such as with natural monopolies or public goods.

While Economists Generally Agree That Markets Are a Good Way