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Which of the following statements does not represent a market failure, i.e., a situation in which the pursuit of profit will not result in a net increase in consumer satisfaction?

Correct Answer: Situations in which externalities have been internalized result in an equilibrium in the exchange price between true costs and benefits.

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Business Ethics and Corporate Social Responsibility MCQ: Which of the following statements does not represent a market failure, i.e., a situation in which the pursuit of profit will not result in a net increase in consumer satisfaction? | Extra Education