🎴 Flashcard Mode
Government Intervention in the Economy
Card1 / 15
Mastered0
Review0
QuestionClick to flip
Which of the following is NOT a type of market failure?
AnswerClick to flip back
A
Public Goods
💡 Explanation:
Public goods are not considered a market failure because they are non-rivalrous and non-excludable, meaning that everyone can benefit from them regardless of whether they pay for them or not.