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