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      Question

      Which of the following is not an example of market

      failure?
      A Monopolies Correct Answer Incorrect Answer
      B Asymmetric Information Correct Answer Incorrect Answer
      C Economies of scale Correct Answer Incorrect Answer
      D Externalities Correct Answer Incorrect Answer
      E None of the above Correct Answer Incorrect Answer

      Solution

      Economies of scale are cost advantages companies experience when production becomes efficient, as costs can be spread over a larger amount of goods.

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