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    Exam 10: Price-Searcher Markets With Low Entry Barriers
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    Water Supply Problems Are Widespread, Indicating That
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Water Supply Problems Are Widespread, Indicating That

Question 225

Question 225

Multiple Choice

Water supply problems are widespread, indicating that


A) water markets can seldom work, because water Is a necessity.
B) property rights are frequently incomplete and not fully tradable.
C) water is too important to ration by price.
D) water markets are seldom controlled by government.

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