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The term market failure refers to A .a situation in which the market, on its own, fails to allocate resources efficiently. B. an unsuccessful advertising campaign that reduces demand.

The term market failure refers to

 

A .a situation in which the market, on its own, fails to allocate resources efficiently.

B. an unsuccessful advertising campaign that reduces demand.

C .a situation in which competition among firms becomes ruthless.

D. a firm which is forced out of business because of losses.

Jul 08 2021 View more View Less

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