Question

WHICH OF THE FOLLOWING IS AN EXAMPLE OF MARKET FAILURE? A. Conditional probability B. Fire protection C. Electricity produced by a public utility D. Rogers Long distance telephone service E. Extraction of natural gas

Answer 1

- Fire protection

- Extraction of natural gas

Step-by-step explanation:

Among the options provided, options B (Fire protection) and E (Extraction of natural gas) are more likely examples of market failure, with option B being a clearer example.

Answer 2

option A conditional probability