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Question

Market failure is the inability of

A some unregulated markets to allocate resources efficiently Correct Answer Incorrect Answer
B a market to establish an equilibrium price Correct Answer Incorrect Answer
C buyers to place a value on the good or service Correct Answer Incorrect Answer
D buyers to interact harmoniously with sellers in the market Correct Answer Incorrect Answer
E none of these Correct Answer Incorrect Answer

Solution

Market failure is the inability of some unregulated markets to allocate resources efficiently.

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