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A company's failure can lead to significant economic repercussions for the government, including increased unemployment rates and reduced tax revenues, which can strain public services and welfare programs. Consumers may face a loss of products or services, leading to decreased choices and potentially higher prices in the market due to reduced competition. Additionally, if the company had substantial debts, it could impact local economies and suppliers, creating a ripple effect that affects other businesses and consumers alike.

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3w ago

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