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What is meant by the term "market failure"?

Kiyaa

wrote...

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Posts: 139

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A year ago

What is meant by the term "market failure"?

What is meant by the term "market failure"?

▸ that a small group in society is affected

▸ that one or more markets are not in equilibrium

▸ that the free market has failed to achieve desirable social goals

▸ that the market economy is a failure

▸ that allocative efficiency has not been achieved

Textbook

Microeconomics

Microeconomics

Edition: 17^th

Author: Ragan

Read 37 times

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catdaster

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Kiyaa Author

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A year ago

I appreciate what you did here, answered it right Smiling Face with Open Mouth

Smiling Face with Open Mouth

GeorgeNeist

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Just got PERFECT on my quiz

Fleury

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2 hours ago

Thank you, thank you, thank you!

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