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Year 12 ECON1 Revision Flashcards | StudBud
Year 12 ECON1 Revision
1 / 25
A reason the free market fails to achieve an optimal allocation of scarce resources is because
A
positive externalities lead to overproduction of a good
B
there is underproduction of goods with +ve externalities
C
public goods are provided free of charge to users
D
individuals’ incomes and wealth are not identical
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