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Most of the worlds economies are mixed economies because _____________.a)A cartel of powerful transnational firms demands that it be that way.b)The market system of allocation is always best.c)The command system of allocation is always best.d)Government intervention in an overall market system is needed at times because markets fail when there is market power, a great deal of inequality, pollution externalities, or public goods.Correct answer is option 'D'. Can you explain this answer? for CA CPT 2024 is part of CA CPT preparation. The Question and answers have been prepared according to the CA CPT exam syllabus. Information about Most of the worlds economies are mixed economies because _____________.a)A cartel of powerful transnational firms demands that it be that way.b)The market system of allocation is always best.c)The command system of allocation is always best.d)Government intervention in an overall market system is needed at times because markets fail when there is market power, a great deal of inequality, pollution externalities, or public goods.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA CPT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Most of the worlds economies are mixed economies because _____________.a)A cartel of powerful transnational firms demands that it be that way.b)The market system of allocation is always best.c)The command system of allocation is always best.d)Government intervention in an overall market system is needed at times because markets fail when there is market power, a great deal of inequality, pollution externalities, or public goods.Correct answer is option 'D'. Can you explain this answer?.

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