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Homework answers / question archive / The term market failure refers to a

The term market failure refers to a

Marketing

The term market failure refers to

a. a situation in which the market on its own fails to allocate resources efficiently.

b. an unsuccessful advertising campaign that reduces demand for a product.

c. a situation in which competition among firms becomes ruthless.

d. a firm that is forced out of business because of losses.

Option 1

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