The term market failure refers to Group of answer choices a market that fails to produce the correct amount of something. an unsuccessful advertising campaign, which reduces demand. ruthless competition among firms. firms' failure to provide quality products.

Utilization will always be lower than efficiency because: a. effective capacity is greater than design capacityb. expected output is less than actual output.c. effective capacity equals design capacity.d. effective capacity is less than design capacity.e. expected output is less than rated capacity.