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Market failure occurs when... a: actions that generate more benefits than costs are undertaken, but should not have been. b: actions that generate more costs than benefits are not undertaken, but

Market failure occurs when...

a: actions that generate more benefits than costs are undertaken, but should not have been.

b: actions that generate more costs than benefits are not undertaken, but should have been.

c: the structure of incentives is such that markets encourage individuals in the private sector to undertake activities that conflict with economic efficiency.

d:

no external costs or external benefits are present.

Market failure occurs when... actions that generate more benefits than costs are undertaken, but should not have been actions

Jun 05 2021 View more View Less

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