Multiple Choice
Which of the following statements is not true?
A) Our government alters how resources are allocated in the economy by taxing, spending and issuing regulations.
B) The price mechanism will work best if there are a limited number of firms in each industry.
C) Lack of the provision of public goods is considered a market failure.
D) Not everything produced by the public sector is a public good.
Correct Answer:
Verified
Correct Answer:
Verified
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