Which of the following is not a market failure? a. A lack of competition in some markets.

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Which of the following is not a market failure?

a. A lack of competition in some markets.

b. Prices determined in competitive markets, which consumers, as individuals, have no control over.

c. The presence of externalities in some markets.

d. A lack of public goods desired by a majority of citizens.

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Survey Of Economics

ISBN: 9780357720806

11th Edition

Authors: Irvin B. Tucker

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Question Posted: Dec 29, 2023 07:47 AM

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Which of the following is not a market failure? a. A lack of competition in some markets.

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b Prices determine...View the full answer

Survey Of Economics

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