Unit 6: Market Failure and the Role of Government

/ Unit 6: Market Failure and the Role of Government

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You’ll examine the conditions under which markets may fail and the effects of government intervention in markets.

Question Difficulty:

Question	Difficulty	Students Solved
Short-Run Phillips Curve Trade-Off	easy	5
Determining Socially Optimal Quantity	easy	7
Correcting A Negative Externality	easy	6
Taxation and Resource Allocation	medium	7
Sources of Market Failure	hard	10
Unintended Consequences of Antitrust Regulation	hard	8
Characteristics Of A Public Good	easy	8
Government Quota In An Oligopoly	hard	7
Government Intervention and Deadweight Loss	medium	8
Negative Externality and Property Rights	easy	5
Lump-Sum Subsidy and Average Total Cost	medium	9
Negative Production Externality and Market Inefficiency	medium	9
Types of Government Economic Intervention	medium	6
Pigouvian Tax and External Costs	medium	8
Income Inequality Causes and Policies	hard	10
Positive Externalities in Consumption	easy	6
Corrective Tax for a Negative Externality	medium	6
Free Rider Problem And Public Goods	easy	5
Price Controls and Subsidies in Monopolistic Competition	medium	6
The Free-Rider Problem and Non-Rival Goods	easy	8

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Rank	User	Correct Count	Attempt Count	Time	Score
#1	e11102akshara	125	147	0m 00s	12,280
#2	jcbaird17	77	83	0m 05s	7,635
#3	swjrichards	33	54	0m 00s	3,090
#4	tianyu.zeng.biec	30	42	0m 00s	2,880
#5	haydenfung7	30	46	0m 00s	2,840
#6	105159patrickbasketball	26	34	0m 00s	2,520
#7	nguyen.mikeuy	22	26	0m 00s	2,160
#8	hxuna0217	22	40	0m 00s	2,020
#9	rjiang1213	19	20	0m 00s	1,890
#10	mousajad2223	17	20	0m 00s	1,670

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