What is the definition of a market failure? Why do they occur?
Question:
What is the definition of a market failure? Why do they occur?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 33% (3 reviews)
A market failure is a situation in which the market does not allocate resources efficiently This can happen for a number of reasons including Externalities Externalities are costs or benefits of an ec...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Economics An Introduction To Traditional And Progressive Views
ISBN: 9780765616685
7th Edition
Authors: Howard J. Sherman, E. K. Hunt, Reynold F. Nesiba, Phillip A. O'Hara, Barbara A. Wiens-Tuers
Question Posted:
Students also viewed these Business questions
-
(a) What is the definition of a VPN? (b) Why do companies transmit over the Internet? (c) Why do they transmit over untrusted wireless networks? (d) Distinguish between the three types of VPNs. (e)...
-
1) What is the definition that the authors use for the concept of strategic ambidexterity? 2) What do the authors have to say about organizational capabilities and exploitive strategies? 3) What do...
-
What is the definition of fair value according to ASC 820? Do you believe the discounted cash flow method is capable of computing an estimate that would be considered a reasonably reliable fair value...
-
Mazlin Limited purchased a machine on account on April 2, 2015, at an invoice price of $360,000. On April 4, it paid $2,000 for delivery of the machine. A one-year, $4,000 insurance policy on the...
-
On July 1, 2008, Gale Sondergaard Company sold special-order merchandise on credit and received in return an interest-bearing note receivable from the customer. Sondergaard will receive interest at...
-
Which of the following SRS designs will give the most precision for estimating a population mean? Assume that each population has the same value of the population variance S2. 1. An SRS of size 400...
-
What is meant by the limited liability of a stockholder? Does this characteristic enhance or reduce a corporation's ability to raise capital?
-
Wexpro, Inc., produces several products from processing 1 ton of clypton, a rare and processing costs total $60,000 per ton, one-fourth of which is allocated to product thousand units of product X15...
-
Data, be it a single number, text or strings are a core part of virtually all applications. Provide an example of a real application where data is utilized and how it is part of that application or...
-
Pool Corporation, Inc., sells swimming pool supplies and equipment. It is a publicly traded corporation that trades on the NASDAQ exchange. The majority of Pools customers are small, family-owned...
-
Is free riding always something that is bad? As part of your answer, define free riding and give examples.
-
Compare and contrast explicit and implicit collusion. What are examples of pricing models for explicit and implicit collusion? Explain.
-
A 60-kg motor sits on four cylindrical rubber blocks. Each cylinder has a height of 3.0 cm and a cross-sectional area of 15 cm 2 . The shear modulus for this rubber is 2.0 MPa. (a) If a sideways...
-
Consider the following functions: void Q1 (int *sale, int *price, int quantity) { *sale (*price) * quantity; }; void Q2 (int profit, int *price, int cost) profit (*price) - cost; }; int Q3 (int...
-
Sasha and Bill: Sasha entered a contract with Bill where they agreed he would re do the tiles in her shower over two weeks for $4000. Sasha gave Bill the description of the tiles she had picked out...
-
During a domestic quarrel a wife continually taunted her husband by degrading him and telling him he was a "lousy lover" and that she wanted to be rid of him. When the husband tried to persuade her...
-
Vinnie's, a small neighborhood bar, has been a favorite of locals for years. One afternoon in March, Bert, a regular customer at Vinnie's, overhears Vinnie on the phone behind the bar making a series...
-
A car is accelerating along a straight road at 5 m-s The car is traveling at 100 km-hr1 when it reaches a hill with a vertical radius of 300 meters. What is the magnitude of the total acceleration...
-
You ran a regression of the yield of KC Companys 10- year bond on the 10- year U. S. Treasury benchmarks yield using month- end data for the past year. You found the following result: YieldKC = .54 +...
-
Jax Incorporated reports the following data for its only product. The company had no beginning finished goods inventory and it uses absorption costing. $ 57.30 per unit $ 10.30 per unit $ 7.80 per...
-
What are the two methods of amortizing discount and premium on bonds payable? Explain each.
-
Zopf Company sells its bonds at a premium and applies the effective-interest method in amortizing the premium. Will the annual interest expense increase or decrease over the life of the bonds?...
-
Briggs and Stratton recently reported unamortized debt issue costs of $5.1 million. How should the costs of issuing these bonds be accounted for and classified in the financial statements?
-
The weights of newborn for hippopotami is approximately Normal, with a mean of 85 pounds and a standard deviation of 13 pounds. A. The probability that a newborn hippo weighs between 90 and 109...
-
cumberland county senior services is an non profit organizationdevoted to providing essential services to seniors who live in their own homes within the Cumberland county area . three services are...
-
Statement of Cash Flows The following are several items involving Tejera Company's cash flow activities: Net income, $60,400 Receipt from issuance of common stock, $32,000 Payment for purchase of...
Study smarter with the SolutionInn App