Which of the following is not a cause of market failure?
Competitiveness is not a standard cause of market failure. Asymmetric information, externalities and monopoly power can each prevent market outcomes from allocating…
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Which of the following is not a cause of market failure?
Answer and explanation
Correct answer D
Competitiveness is not a standard cause of market failure. Asymmetric information, externalities and monopoly power can each prevent market outcomes from allocating resources efficiently.
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Kerala SET (LBS Centre)