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If Output of a Good or Service Is Zero in a Market

Question 81

Multiple Choice

If output of a good or service is zero in a market system,then we know that


A) the market system has failed.
B) the government must be preventing the production and sale of the good.
C) the good is a demerit good.
D) the lowest cost of producing the good is greater than the highest price consumers are willing and able to pay.

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