Question

The seaport town of New Monopoly has become extremely popular with shipping companies due to its superior location. The port has become so congested that ships must wait hours every day just to dock. This is an example of: The mayor of New Monopoly realizes that the congestion at the port costs the shipping companies and his town money. Which decision would NOT move him towards a command economy?

Answer 1

Answer: market failure

Step-by-step explanation:

Market failure is a situation that occurs in an economy when the distribution of goods and services they occurs in a free market is inefficient. Some of the reasons attributed to market failure are monopoly abuse, externalities, environmental concerns etc.

Based on the above scenario in the question, the decision that would not move the mayor towards a command economy is Market failure.