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3.Which of the following is least accurate regarding obstacles to the efficient allocation of resources in a competitive market? A:A:Subsidies lead to production of more than the efficient quantity of the good. B:B:Public goods, such as national defense, tend to be overproduced because they can be consumed by everyone whether they pay for the goods or not. C:C:Quotas result in production of less than the efficient quantity of the good |
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