Which of the following is not a reason for market failure? Monopsony power, Monopoly power, Flexible price, The neglect of externalities
مندرجہ ذیل میں سے کون سی چیز مارکیٹ فیلئر کی وجہ نہیں ہے؟
- Monopsony power
- Monopoly power
- Flexible price
- The neglect of externalities
Explanation
- Market failure occurs when the free market fails to allocate resources efficiently.
- It happens due to monopoly power, externalities, and other imperfections.
- When prices are flexible, markets can adjust smoothly to supply and demand.
- Flexible prices actually help markets function efficiently, not fail.
- So, it is not a reason for market failure.
Last verified on 23-04-2026
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