A market failure is said to occur ______. a. When costs are imposed on some people without

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A market failure is said to occur ______.

a. When costs are imposed on some people without their consent

b. When the market economy fails to allocate resources efficiently

c. When one party prevents others from participating in mutually beneficial exchange

d. All of these are examples of market failure.

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Exploring Economics

ISBN: 9781544336329

8th Edition

Authors: Robert L. Sexton

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Question Posted: Jan 13, 2023 08:47 AM

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A market failure is said to occur ______. a. When costs are imposed on some people without

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