1708EconomicsMedium
When markets fail to allocate resources efficiently, the ultimate source of the problem is usually?
Athat prices are not low enough so firms over produce
Bgovernment regulation
Cthat prices are not high enough, so people overconsume
Dthat property rights have not been well established
Correct answer
D. that property rights have not been well established
Explanation
The correct answer is that property rights have not been well established.