The used-car market is an example of an market with imperfect information.
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Q181: Government involvement in a market may generate
Q182: Even if a market outcome is efficient,
Q183: Market failure results in an inefficient allocation
Q184: Air pollution is an example of a
Q185: Clean air is an example of a
Q187: Freely functioning markets
A) always produce an efficient
Q188: The life insurance industry is an example
Q189: The result of market failure is waste
Q190: National defense is an example of a
Q191: The outcome of any free market is
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