Homework answers / question archive / A market failure is a situation in which: a

A market failure is a situation in which: a

Marketing

Share With

A market failure is a situation in which:

a. the market equilibrium leads to either too many or too few resources going towards producing the good or service.

b. resources are being efficiently allocated, but some companies are forced to shut down.

c. the government must take actions to correct the failures of the market in a particular industry.

d. there is no free entry or exit into an industry.