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5. Consumer and Producer Surplus; Price Ceilings and Price Floors
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Problem 15
5. Consumer and Producer Surplus; Price Ceilings and Price Floors
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5. Consumer and Producer Surplus; Price Ceilings and Price Floors / Economic Surplus and Efficiency / Problem 7
Problem 7
Which of the following is a cause of market failure?
A
Equilibrium pricing.
B
Perfect competition.
C
Externalities.
D
Low transaction costs.
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