Government Intervention in the Price System
Meaning of Market Failure
- Created by: Fatimah030
- Created on: 15-08-14 09:30
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- Market Failure
- MK fails to achieve what is expeted.
- MF= a market performance that is judge to be good than the best possible performance
- It is not that nothing good has occurred
- Untitled
- Market Fails to achieve social goal like...
- income is not equally distributed
- Preservation of values
- no pollution
- under production, point of production lies inside the PPC
- Output is not at desirable income
- No social optimum of output
- No optimality, market Fails to achieve economic effiency
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