jk
White tiger
- Joined
- Jul 5, 2003
- Messages
- 60
in my cssa trial there was a question "why does market failure occur?"
and i answered "price mechanism in market economy only counts private benefit and cost while it fails to take into account social benefit and cost"
and i ended up with 0 mark :mad1:
can any1 point out what is wrong wit my answer? and any suggestion or point to improve?
thanx a lot
and i answered "price mechanism in market economy only counts private benefit and cost while it fails to take into account social benefit and cost"
and i ended up with 0 mark :mad1:
can any1 point out what is wrong wit my answer? and any suggestion or point to improve?
thanx a lot