MCQOPTIONS
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| 1. |
Demand side market failures occur when |
| A. | supply curves do not reflect the full cost of producing a good or services |
| B. | demand curves do not reflect consumer’s full willingness to pay for goods or services |
| C. | government imposes tax on a good or a service |
| D. | a good or service is not produced because no one demands it |
| Answer» C. government imposes tax on a good or a service | |