If there is a lack of competition in a market, a market failure results because the quantity of goods sold is ___ than the optimal level while prices are ___ than the optimal level. lower; higher higher; lower higher; higher lower; lower
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Home » Business » If there is a lack of competition in a market, a market failure results because the quantity of goods sold is ___ than the optimal level while prices are ___ than the optimal level. lower; higher higher; lower higher; higher lower; lower