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What type of failure is an imperfection in the market mechanism that prevents optimal outcomes?
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Can the government potentially improve market outcomes if market inequalities or market failure exists?
YES
Why government interferes with the price mechanism?
governments throughout the world intervene to a greater or lesser extent with the price mechanism and the reason for intervention vary enormously between them.However, the justification for intervention is usually where ther is market failure.
Is the price mechanism an effective way to the solve the basic economic problem?
The price mechanism is a feature of the free market and operates through demand and supply and the self interest of individuals, government action is minimised. This has the benefits of incentive, efficiency, innovation, choice and consumer sovereignty. Against this there may be market failure including inequality, lack of public and merit goods, externalities and instability. Depending upon the degree of failure the mechanism may be more or less effective. The price mechanism does not solve the basic economic problem but is thought to be effective when operating efficiently.
When A situation in which the market does not distribute resources efficiently is considered to be?
a market failure
What are some examples of market failure in South Africa?
Market failure refers to the phenomena where an unregulated economy prevents an effective resource allocation. Some examples may include externalities, public goods, imperfect competition, economies of scale and asymmetric information.
What is atelphobia?
the fear of not being good enough.
A binomial experiment has how many outcomes to each trial?
two; success or failure
What are the outcomes for people with developmental disabilities?
As with all people, various levels of success or failure.
When the repair mechanism for DNA fails the result is?
Failure of the DNA repair mechanism can result in cancer, mutation or a defective enzyme.
Can the government potentially improve market outcomes if market inequalities or market failure exists?
YES
What is she binomial probability distribution is used with?
It is used when repeated trials are carried out , in which there are only two outcomes (success and failure) and the probability of success is a constant and is independent of the outcomes in other trials.
What is an antonym for the word Excel?
The antonym I use for excel is "fall behind", the closest definition I can come up with. Mrs. Ramirez, 6th grade teacher
What are the outcomes of the Utopian communities?
haha wish i knew **most ended in failure. They weren't very successful.
What are four requirements for binomial distribution?
A binomial experiment is a probability experiment that satisfies the following four requirements:1. Each trial can have only two outcomes or outcomes that can be reduced to two outcomes. These outcomes can be considered as either success or failure.2. There must be a fixed number of trials.3. The outcomes of each trial must be independent of each other.4. The probability of a success must remain the same for each trial.
What is bernoulli's experiment?
The Bernoulli experiment is a trial that has two different outcomes, failure and success. The experiment can be used in flipping a coin or rolling a die.
What outlook toward failure and success does Krishna recommend to Arjuna?
Both success and failure results are to be taken with neutral emotions, as they are mere outcomes of the "impact of will, effort and karma" of all the parties involved and also they occur in cycle.
Sporadic CD drive check?
The sporadic CD drive check is important. It prevents the sudden CD drive failure. It also helps eliminate the various errors as a result of the CD drive failure.
