A Major Reason Why the Market Equilibrium for a Manufactured

question 110

Multiple Choice

A major reason why the market equilibrium for a manufactured good may not be efficient is

• A) there is too much government regulation.
• B) property rights are not well defined.
• C) there is likely to be a positive externality associated with production.
• D) the industry is likely to be a monopoly.
• E) the industry is producing too little output.

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