New Click here to Enroll for SIDBI MSME Expert Classes by Experts

    Register

    Question

    Which of the following is not an example of market

    failure?
    A Monopolies Correct Answer Incorrect Answer
    B Asymmetric Information Correct Answer Incorrect Answer
    C Economies of scale Correct Answer Incorrect Answer
    D Externalities Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Economies of scale are cost advantages companies experience when production becomes efficient, as costs can be spread over a larger amount of goods.

    Practice Next