The seaport town of new monopoly has become extremely popular with shipping comp

Question

The seaport town of new monopoly has become extremely popular with shipping companies due to its superior location. The port has become so congested that ship must wait hours everyday just to dock this is an example of A private good Marginal analysis A recession Market failure The seaport town of new monopoly has become extremely popular with shipping companies due to its superior location. The port has become so congested that ship must wait hours everyday just to dock this is an example of A private good Marginal analysis A recession Market failure A private good Marginal analysis A recession Market failure

Explanation / Answer

Market failure

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