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Question 18 2 Market failure is said to occur whenever: O prices rise O government intervenes in the functioning of private markets. O private markets

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Question 18 2 Market failure is said to occur whenever: O prices rise O government intervenes in the functioning of private markets. O private markets do not allocate resources in the most economically desirable way. O some consumers who want a good do not obtain it because the price is higher than they are willing to pay

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