Business, 26.11.2019 01:31 ninaaforever

Complete the sentence. "when a market failure arises because marginal social benefit exceeds the ability and willingness to pay, economists suggest that" . demand increaseb. taxes be raisedc. vouchers be usedd. supply increase

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Answer from: vanderrage

The correct answer is option C.

Explanation:

Market failure refers to the situation when the market is not able to efficiently allocate resources and the government has to intervene. Market failure generally happens because of the presence of externalities.

When the marginal social cost is greater than the ability and willingness to pay, the market will fail to optimally allocate resources. The government, as a result, will intervene.

The government will use vouchers which will cause the marginal private benefit curve to shift upwards by the size of the per-unit voucher.

Answer from: Quest

the correct answer option is b. a single paragraph.

explanation:

when you are thinking about paragraph topics, you should always choose a subject that can be adequately addressed in a single paragraph.

a paragraph is a piece of writing consisting of a few sentences that deal with a single theme. it has only a single idea that the paragraph revolves around and talks about.

so a paragraph topic must be chosen wisely where a single idea can be communicated in a single paragraph.

Answer from: Quest

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7. customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

your welcome leave a rate and a < 3

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Complete the sentence. "when a market failure arises because marginal social benefit exceeds the abi...

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