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    Question

    Market imperfections of a country are reflected

    in___________.
    A Price rigidity Correct Answer Incorrect Answer
    B Factor immobility Correct Answer Incorrect Answer
    C Lack of specialization Correct Answer Incorrect Answer
    D All options are correct Correct Answer Incorrect Answer

    Solution

    Market imperfections are reflected in price rigidity (where prices do not adjust to clear the market), factor immobility (where factors of production cannot move freely), and lack of specialization (which prevents economies of scale). All these factors hinder efficient market functioning. 

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