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18 When the government imposes a barrier to entry in a market, a. allocative efficiency will be improved by the reduction of wasteful competition. b.
18 When the government imposes a barrier to entry in a market, a. allocative efficiency will be improved by the reduction of wasteful competition. b. the options available to consumers will increase in the protected market. c. more resources will be wasted by firms attempting to secure and maintain market power. d. consumers will be better able to direct the smaller number of producers to serve their interests
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