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Which was NOT a market failure resulting in the GFC: O a. Credit rating agencies were able to correctly estimate the risk of securitised mortgages.
Which was NOT a market failure resulting in the GFC: O a. Credit rating agencies were able to correctly estimate the risk of securitised mortgages. Fund managers had conflicts of interest in their reward structures. O b. O c. Fund managers ignored early warning signals regarding the credit quality of securitised mortgages. O d. Revenue from providing credit rating was a major source of income for the credit rating agencies, resulting in a conflict of interest
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