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Market failure occurs because O A. the market system forces individuals to consider the social consequences of their actions. OB. the market system does not make individuals esponsible for the social costs/benefits of their actions. OC. the market system forces individuals to consider the social and private consequences of their actions OD. the market system does not make individuals responsible for the private costs/benefits of their actions.

Market failure occurs because O A. the market system forces individuals to consider the social consequences of their actions. OB. the market system does not make individuals esponsible for the social costs/benefits of their actions. OC. the market system forces individuals to consider the social and private consequences of their actions OD. the market system does not make individuals responsible for the private costs/benefits of their actions.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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K Market failure occurs because OA. the market system forces individuals to consider the social consequences of their actions. OB. the market system does not make individuals Lesponsible for the social costs/benefits of their actions. OC. the market system forces individuals to consider the social and private consequences of their actions. OD. the market system does not make individuals responsible for the private costs/benefits of their actions. Next
Transcribed Image Text:K Market failure occurs because OA. the market system forces individuals to consider the social consequences of their actions. OB. the market system does not make individuals Lesponsible for the social costs/benefits of their actions. OC. the market system forces individuals to consider the social and private consequences of their actions. OD. the market system does not make individuals responsible for the private costs/benefits of their actions. Next
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