What is a market failure?
A. A market failure is when the market fails to produce deadweight loss.
B. A market failure is when production occurs at high social cost.
C. A market failure is when consumption occurs at low social benefit.
D. A market failure is when the market fails to produce the efficient level of output.
E. All of the above.
Answers: 1
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What is a market failure?
A. A market failure is when the market fails to produce deadweight loss....
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