Market failure results in an inefficient allocation of resources.
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Q178: An externality exists when the cost or
Q179: Because we collectively consume _ goods, firms
Q180: Which of the following is an example
Q181: Government involvement in a market may generate
Q182: Even if a market outcome is efficient,
Q184: Air pollution is an example of a
Q185: Clean air is an example of a
Q186: The used-car market is an example of
Q187: Freely functioning markets
A) always produce an efficient
Q188: The life insurance industry is an example
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