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Imperfect information is: a. an antitrust violation. b. the monopoly power gained from one seller having a secret production practice. c. a market failure that

Imperfect information is: a. an antitrust violation. b. the monopoly power gained from one seller having a secret production practice. c. a market failure that prevents consumers from making rational decisions. d. a failure of regulators to correct the equilibrium price and quantity to their efficient levels

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