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Which of the following often causes market failure that is, causes markets to fail to estasblish fair prices and use resources efficiently or properly A: surpluses B: shortages …

Which of the following often causes market failure that is, causes markets to fail to estasblish fair prices and use resources efficiently or properly A: surpluses B: shortages …
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Which of the following often causes market failure that is, causes markets to fail to estasblish fair prices and use resources efficiently or properly

A: surpluses
B: shortages
C: monopolies
D: competition

asked
User Ben Aubin
by
8.1k points

1 Answer

2 votes
It would be a monopoly because in a monopoly good and services are provided by one producer and there is no competition.
answered
User R Hyde
by
8.4k points
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