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Which of the following statements is incorrect regarding market failures? A) They are the inevitable result of cartel activity. B) They can be caused by

Which of the following statements is incorrect regarding market failures?

A)They are the inevitable result of cartel activity.

B)They can be caused by positive externalities.

C)They can be caused by inadequate or erroneous information,

D)They have an effect on a person not a party to the decision.

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