Market Failure 0.0 / 5HideShow resource informationEconomicsMarket failureASEdexcelCreated by: samstarrzCreated on: 11-04-14 14:50 978243516 Across 1. If government intervention leads to a net welfare loss (10, 7) 6. A grant from the government to encourage consumption (7) Down 2. When the price mechanism causes an inefficient allocation of resources (6, 7) 3. Third party costs of benefits ignored by the price mechanism (13) 4. Scheme to reduce price fluctuations of commodities (6, 5) 5. A tax levied on expenditure (8, 3) 7. Once a public good has been provided for one, it's provided for all (4, 5, 7) 8. Demonstrate non-excludability and non rivalry (6, 5) 9. the ability of workers to change from one job to another both occupationally and geographically (8, 2, 6)
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