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Markets can only account for
Markets can only account for
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The correct option is A private
An assumption about perfectly competitive markets is that only the parties involved in a transaction are affected by the transaction. Hence, markets cannot account for external costs and surpluses. By extension, it can also not account for social costs and surpluses.
An assumption about perfectly competitive markets is that only the parties involved in a transaction are affected by the transaction. Hence, markets cannot account for external costs and surpluses. By extension, it can also not account for social costs and surpluses.
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