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a situation in which markets fail to allocate resources efficiently is called Select one: O a. corporate bankruptcy O b. equilibrium C. economic O d. market failure

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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a situation in which markets fail to allocate resources efficiently is called
Select one:
O a. corporate bankruptcy
O b. equilibrium
Oc. economic
O d. market failure

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