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Which of the following statements is true? a Examples of market failures are natural monopolies, public goods, externalities, and asymmetric information. b The government cannot

Which of the following statements is true?

a

Examples of market failures are natural monopolies, public goods, externalities, and asymmetric information.

b

The government cannot increase the effectiveness of a market system.

c

Thecombinationof technologyandthe prices of the required resourcesdeterminesthe most efficient production technique.

d

All of the above.

e

Only a) and c)

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