Do you agree or disagree with each of the following statements? Explain your answer.

a. Nutritional food is a public good and should be produced by the public sector because private markets will fail to produce it efficiently.

b. Imperfect markets are inefficient because as pricemakers, firms in these markets can guarantee that price will always be less than marginal cost.

c. Financial planning service is an example of a potentially inefficient market because consumers do not have perfect information about the service.