Market failure occur(s) in the presence of which of the following?
(A) Externality.
(B) Public good.
(C) Market power.
(D) Private good.
Select all that apply.
2 marksMicroeconomicsMarket failure, externalities and public goodsExternalities and the social optimumModerateabout 2 min
IIT JAM 2025 Question 39: Market failure, externalities and public goods
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Market failure, externalities and public goods has come up 114 times in 7 exams since 2006.
What this question tests
This question is on Externalities and the social optimum, part of Market failure, externalities and public goods in Microeconomics.
Costs or benefits that fall on others, and why the private and socially efficient outputs differ.
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