A market failure is most likely to occur when: Multiple Choice many producers produce identical products, and only the consumers are affected by the transactions. a sole producer of a good faces no threat of competition. several producers of a good compete for customers by having price wars. several producers of a good search for the lowest-cost method of production.

a sole producer of a good faces no threat of competition.

Explanation:

A market failure can be defined as a situation where there is inefficiency in the distribution of goods and services from the producers to the consumer in a free or open market.

A market failure is most likely to occur when a sole producer of a good faces no threat of competition. This ultimately implies that, a sole producer of a product is the sole determinant of prices of goods, quantity of goods and even choose to hoard the goods, thereby resulting in a market failure.

answer; ///(d); determining who competes most closely   with whom evaluating whether industry driving forces and competitive pressure favor some strategic groups and hurt others, and ascertaining whether the profit potential of different strategic groups varies due to the strengths and weaknesses in each groups respective market positions;

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