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An example of a market failure is when. The wages of workers in food establishments go...

An example of a market failure is when.
The wages of workers in food establishments go down
Iida increases the price of coffee

e3 increases interest rates on credit cards 0

4. A single producer controls a market and reduces production to raise the price
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Answer #1

Option 4. A single producer controls a market and reduces production to raise the price

Explanation: When a single producer controls the entire market, it results in monopoly. A monopoly is an example of market failure.

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