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    Exam 8: Externalities, the Environment, and Public Goods
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    A Situation in Which Free, Unregulated Markets Do Not Maximize
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A Situation in Which Free, Unregulated Markets Do Not Maximize

Question 91

Question 91

Multiple Choice

A situation in which free, unregulated markets do not maximize economic efficiency is called:


A) a government failure.
B) a market failure.
C) an economic failure.
D) a social failure.

Correct Answer:

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