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mmi mmi
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A year ago
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.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
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KocojdaKocojda
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A year ago
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mmi Author
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A year ago
Good timing, thanks!
fxinternational
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Yesterday
You make an excellent tutor!
rudy.zondo
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2 hours ago
This calls for a celebration Person Raising Both Hands in Celebration
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