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Figure 55.5
-According to Figure 55.5,what is the least likely explanation for the data after 1985?
Market System Failure
A situation where the allocation of goods and services by a free market is not efficient, often leading to negative outcomes like pollution or public goods being underprovided.
Public Bureaucracies
Organizations characterized by a hierarchical structure, formal rules, and a focus on fulfilling the administrative functions of the government or public sector.
Private Sector
The part of the economy that is run by private individuals and companies, rather than the government, and is driven by profit.
Public Sector
The part of the economy that is controlled by the government and includes government services and entities.
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