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Distribution of income-inequitable

Reliance on private demands and supplies to allocate resources and goods is least specific to yield an economically inefficient solution when: (i) producers have significant monopoly power. (ii) a good is nonrival and nonexclusive. (iii) consumption of such health services as flu shots reduces the probability that a contagious disease will be spread. (iv) production generates such negative externalities like pollution. (v) most people think that the distribution of income is inequitable.

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