In the study of International Political Economy (IPE), all of the options listed can be considered as market imperfections.

1. Oligopoly: This is a market structure in which a small number of firms has the large majority of market share. An oligopoly is similar to a monopoly, but it is not one company alone that dominates the market, but a few companies. This can lead to market imperfections as these firms can manipulate prices and supply, which can lead to inefficiencies in the market.

2. Autarky: This is a situation in which a country does not engage in international trade. This can lead to market imperfections as it can result in the country not being able to take advantage of the benefits of international trade such as economies of scale and comparative advantage.

3. Taxation: This can also lead to market imperfections. Taxes can distort prices and thus the allocation of resources in the economy. This can lead to inefficiencies as resources may not be used in the most productive way.

So, the answer would be "All of the above".

Question

In the study of International Political Economy (IPE), all of the options listed can be considered as market imperfections.

1. Oligopoly: This is a market structure in which a small number of firms has the large majority of market share. An oligopoly is similar to a monopoly, but it is not one company alone that dominates the market, but a few companies. This can lead to market imperfections as these firms can manipulate prices and supply, which can lead to inefficiencies in the market.

2. Autarky: This is a situation in which a country does not engage in international trade. This can lead to market imperfections as it can result in the country not being able to take advantage of the benefits of international trade such as economies of scale and comparative advantage.

3. Taxation: This can also lead to market imperfections. Taxes can distort prices and thus the allocation of resources in the economy. This can lead to inefficiencies as resources may not be used in the most productive way.

So, the answer would be "All of the above".

Knowee AI · Accepted Answer

In the study of International Political Economy (IPE), all of the options listed can be considered as market imperfections.

1. Oligopoly: This is a market structure in which a small number of firms has the large majority of market share. An oligopoly is similar to a monopoly, but it is not one company alone that dominates the market, but a few companies. This can lead to market imperfections as these firms can manipulate prices and supply, which can lead to inefficiencies in the market.

2. Autarky: This is a situation in which a country does not engage in international trade. This can lead to market imperfections as it can result in the country not being able to take advantage of the benefits of international trade such as economies of scale and comparative advantage.

3. Taxation: This can also lead to market imperfections. Taxes can distort prices and thus the allocation of resources in the economy. This can lead to inefficiencies as resources may not be used in the most productive way.

So, the answer would be "All of the above".

In the study of IPE, which of the following is/are considered a market imperfection/s? Group of answer choicesAll of the aboveOligopolyAutarkyTaxation

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In the study of IPE, which of the following is/are considered a market imperfection/s?

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