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    Business
  3. Study Set
    Intermediate Microeconomics
  4. Exam
    Exam 10: General Equilibrium and Welfare
  5. Question
    Markets Can Fail to Achieve Efficiency When
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Markets Can Fail to Achieve Efficiency When

Question 3

Question 3

Multiple Choice

Markets can fail to achieve efficiency when


A) there are prices consumers do not think are fair.
B) there are wages workers do not think are fair.
C) trade puts people out of work.
D) there are public goods.

Correct Answer:

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