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Market failure
In economics, market failure is a case where markets fail to efficiently provide or allocate goods and services. The two main reasons that markets fail are sub-optimal market structures and the inability to internalize costs or benefits into the economic system.
Examples of the inability to internalize economic information are:
Examples of sub-optimal market structure are:
See also:
Referenced By
Micro-economics | Microeconomic | MicroeconomicS
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