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When private decision makers in the marketplace are unable to achieve an efficient allocation of scarce resources, this situation results in which of the following?

When private decision makers in the marketplace are unable to achieve an efficient allocation of scarce resources, this situation results in which of the following?

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When private decision makers in the marketplace are unable to achieve an efficient allocation of scarce resources, this situation results in which of the following? Select one: 0 a. Market failure 0 b. Market intervention 0 c. Government failure 0 d. Competitive market structure

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