Market failure can occur when
A)monopoly power exists in the market.
B)markets are missing.
C)consumers can influence prices.
D)all of the above.

Name: Market failure can occur when A)monopoly power exists in the market. B)markets are missing. C)consumers can influence prices. D)all of the above.
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Question

Quizplus · Accepted Answer

Market failure can occur due to monopoly power, missing markets, and when consumers can influence prices, as these situations can lead to inefficient allocation of resources.

Market Failure Can Occur When