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 KCSE business studies paper 1 revision questions and answers Set 3

Outline Four circumstances under which gaps in the market may be identified

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Answer Text:
-When goods offered in the market are inadequate
-When goods offered are of poor quality.
-Where goods are not available in the market
-When prices charged for goods are high
-When the services needed by consumers are lacking e.g credit facilities, after sale service etc.


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