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Title: Economists use the term "market failure" to refer to those free-market situations where Post by: mmi on Oct 9, 2022 Economists use the term "market failure" to refer to those free-market situations where
▸ externalities do not exist in the economy. ▸ the economy is not in equilibrium. ▸ income is not distributed equitably. ▸ allocatively efficient outcomes are not achieved. ▸ government has intervened in the economy. Title: Economists use the term "market failure" to refer to those free-market situations where Post by: Kocojda on Oct 9, 2022 Content hidden
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