What economic conditions underlie market failures?
A)External costs are greater than private costs.
B)There is environmental damage which is addressed by environmental tax.
C)There is a monopolist who sets the price equal to the marginal cost.
D)All costs are born by market participants.
E)Aggregate benefits to all persons are less than aggregate costs imposed.

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The Answer of What economic conditions underlie market failures?
A)External costs are greater than private costs.
B)There is environmental damage which is addressed by environmental tax.
C)There is a monopolist who sets the price equal to the marginal cost.
D)All costs are born by market participants.
E)Aggregate benefits to all persons are less than aggregate costs imposed.

What Economic Conditions Underlie Market Failures