How to solve XAT 2016 Question 19?

This question can be solved by applying the core concept explained in the solution above, followed by step-by-step calculation and elimination of options.

Which concept is tested in this question?

This question tests fundamental concepts commonly asked in XAT exams.

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XAT 2016 Question 19

This is a detailed step-by-step solution for XAT 2016 Question 19. Understand the concept, common mistakes, and expert tips to solve similar questions in XAT exam.

XAT

Paragraph (I) talks about the various factors that could lead to the failure of a market.
Paragraph (II) states how the market theories fail to explain the success of some Asian economies where the governments play a significant role in regulating the market.
Hence, option C is the best choice for the answer.

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