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Which Statement(s)is/are TRUE About Market Failures? I

Question 183

Multiple Choice

Which statement(s) is/are TRUE about market failures? I.They arise when property rights are clearly defined.
II.They arise when information is available to all decision makers.
III.They arise when external costs are not considered in production decisions by producers.


A) I
B) I and II
C) III
D) I,II,and III

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