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24 March, 10:08

What is an exception to the general idea that markets lead to an efficient allocation of resources?

perfect competition

black market

imperfect competition

unfair competition

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Answers (2)
  1. 24 March, 12:00
    0
    Imperfect competition is your correct answer
  2. 24 March, 13:17
    0
    The correct answer choice is:

    Imperfect competition

    In economics, imperfect competition may be a form of market structure showing only few options of competitive markets. Varieties of imperfect competition include: monopolistic competition: A state of affairs during which several companies with slightly or totally different product contend.
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