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Microeconomic MCQ 1

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Question:

17 The reason an efficient market outcome may not be considered a "good" outcome is A) demand may not include all the benefits of consumption. B) incomes of consumers are taken as given. C) supply may not include all the costs of production. D) the market is less than perfectly competitive. E) consumers and producers lack infonnation.

Author: Gonza R



Answer:

C) supply may not include all the costs of production.


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Gonza R
Gonza R