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Which one of the following is not a reason for market failure? Address monopolistic prices that are worse than competitive prices or prices equal to
Which one of the following is not a reason for market failure? Address monopolistic prices that are worse than competitive prices or prices equal to "service at cost." O Provide missing services (e.g., grain storage, electricity, telephone) Address farmer representation on boards of directors of non-cooperative businesses. Provide market power: countervailing or creation to benefit members. Reduce high costs, reducible by forming cost efficient businesses taking advantage of economies of size (e.g., grain elevators vs. on-farm storage) and increased vertical or horizontal coordination
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