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Because there is no active volcanic activity on the moon.

For a planet or moon to develop water, it needs to have active volcanic activity. The steam from erupting volcanoes creates an atmosphere and condensation which, over millions of years, creates oceans.

We know the moon had active volcanic activity millions of years ago, because there are pockets of ice on the moon. However, volcanic activity on the moon is now non-existent, therefore, no more water can be produced from volcanic steam.

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13y ago

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