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According to many observers, the main shortcoming of the market in terms of general welfare: 1. is its inability to increase the standard of living.

According to many observers, the main shortcoming of the market in terms of general welfare: 1. is its inability to increase the standard of living. 2. lies in the arena of justice and injustice. 3. is its drag on growth in labor productivity. 4. lies in its inability to increase the supply of consumer goods. Which one is correct

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