High School Economics Quiz
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GOVERNMENT AND THE ECONOMY
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Which of the following describes a situation where market power is the primary cause of market failure?
A
A farmer's market has dozens of vendors selling identical tomatoes, but no one can sell their tomatoes for more than the going rate.
B
A software company with a unique, universally adopted operating system charges high prices for licenses and product upgrades.
C
Consumers are unsure about the safety of various electric scooters, leading to low sales across all brands despite high potential demand.
D
A factory pollutes a river, imposing cleanup costs on a town downstream, but does not factor these costs into its production decisions.
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