What occurs when resources within the market are not adequately or optimally distributed?
A)Marginal factor cost
B)Bilateral monopoly
C)Inelasticity
D)Market failure

Question

Quizplus · Accepted Answer

Market failure occurs when resources within the market are not adequately or optimally distributed.
Key Takeaway: Market failure is all about inefficiency. Inefficiency within the market can result from imperfect information, externalities, imperfect competition, or public goods.

What Occurs When Resources Within the Market Are Not Adequately