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Part (A) What are the three conditions that make a market allocatively efficient? Part (B) What are the two main sources for externality that leads

Part (A) What are the three conditions that make a market allocatively efficient? Part (B) What are the two main sources for externality that leads to market failure? Explain each source in a sentence or two. Part (C) Give a real-life example for each of those two sources of market failure

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