List and briefly explain five types of market failures.
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Q106: Long-run equilibrium in competitive markets implies that
Q107: Q108: If external benefits are not integrated into Q109: A subsidy granted to a polluting firm Q110: Producer surplus is the Q112: A market is productively efficient if the Q113: An externality is a benefit or cost Q114: What are the two ways in which Q115: When a competitive market is in long-run Q116:
A)cumulative difference between the
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