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Subprime Crisis is example of which of the following?
A
State Support to Industries
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B
Market Failure
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C
Market Regulations
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D
None of the above
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Solution
The correct option is B Market Failure <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}-->
The United States subprime mortgage crisis was a multinational financial crisis that occurred between 2007 and 2010 that contributed to the 2007–2008 global financial crisis was example of Market failure.