Question

An example of a market failure is

a. When there is an increase in gasoline demand and a shortage develops.
b. A firm is dumping toxic waste that is making people sick.
c. When not everyone who wants to see a major league football game can.
d. When the market prices of some vehicles are too high for some buyers.

Answer 1

I believe it is D. When the market prices of some vehicles are too high for some buyers.