Question: 17. When markets fail to allocate resources efficiently, the ultimate source of the problem is usually a. that prices are not high enough so people

17. When markets fail to allocate resources efficiently, the ultimate source of the problem is usually

a. that prices are not high enough so people overconsume.

b. that prices are not low enough so firms overproduce.

c. that property rights have not been well established.

d. government regulation.

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