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26 May, 12:49

Which of the following situations is not an example of market failure? Multiple Choice

a. Ben's Department Store cannot charge passers-by for using the sidewalk outside the store.

b. Ben cannot afford to buy a high-end Mercedes

c. Benz luxury car. Ben's Place is the only restaurant in town, and thus he has significant power to set menu prices.

d. Ben's Industries is dumping its wastewater into the unregulated river behind the factory.

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Answers (1)
  1. 26 May, 15:18
    0
    The correct answer is letter B

    Explanation: Market failures are situations where the market does not allocate resources as efficiently as possible.
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Home » Social Studies » Which of the following situations is not an example of market failure? Multiple Choice a. Ben's Department Store cannot charge passers-by for using the sidewalk outside the store. b. Ben cannot afford to buy a high-end Mercedes c. Benz luxury car.
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