Market failure: A case in which the __________ of govt intervention causes too much/not enough of a good to be produced at a ______ which is not ________________
Fill in the blank(s) with the appropriate word(s).
Ans: absence, price, socially optimal
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a. True b. False Indicate whether the statement is true or false
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A) horizontal. B) vertical. C) upward sloping. D) downward sloping.
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