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MrRissso [65]
3 years ago
14

If there is a lack of competition in a market, a market failure results because the quantity of goods sold is ___ than the optim

al level while prices are ___ than the optimal level.
Business
1 answer:
scoundrel [369]3 years ago
8 0
Goods sold is lower because less competition and then they price it higher because consumers don't have options. 
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