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Which of the following is an example of a market failure. A large firm is able to use their market power to hold wages low
Which of the following is an example of a market failure. A large firm is able to use their market power to hold wages low such that the marginal social cost does not equal the marginal social benefit. O Governments artificially hold wages above the equilibrium due to minimum wage laws. A small landlord increases rent due to increased demand for rentals. Food prices rise due to supply shortages
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