Market Failure – AS/A LEVELS/IB/IAL

Market Failure – AS/A LEVELS/IB/IAL

Courses Info

Market Failure

Market failure occurs when the price mechanism of supply & demand fails to efficiently allocate resources.

There are a variety of key exam topics highlighting market failure highlighted below:

  • Public goods
  • De-Merit goods
  • Asymmetric information
  • Negative and Positive externalites

 

 

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