Which of the following often causes market failure -- that is, causes markets to fail to establish fair prices and use resources efficiently or properly?
A.
competition
B.
surpluses
C.
monopolies
D.
shortages
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I'm stuck on the same question but I'm going to go with monopolies because of my background knowledge and from what we learned in US history this year. When there is a monopoly, the owner can put the price as high as they want because they're the only one selling that service/product. Hope this helped and please correct me if I'm wrong but my best educated guess is C. monopolies

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Which of the following often causes market failure -- that is, causes markets to fail to establish fair prices and use resources efficiently or properly? A. competition B. surpluses C. monopolies D. shortages Reset

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Which of the following often causes market failure -- that is, causes markets to fail to establish fair prices and use resources efficiently or properly?
A.
competition
B.
surpluses
C.
monopolies
D.
shortages
Reset