Market Failure 0.0 / 5HideShow resource informationEconomicsMarket failureASEdexcelCreated by: samstarrzCreated on: 11-04-14 14:50 798324516 Across 1. Scheme to reduce price fluctuations of commodities (6, 5) 4. A grant from the government to encourage consumption (7) 6. Third party costs of benefits ignored by the price mechanism (13) 8. the ability of workers to change from one job to another both occupationally and geographically (8, 2, 6) Down 2. A tax levied on expenditure (8, 3) 3. When the price mechanism causes an inefficient allocation of resources (6, 7) 5. Demonstrate non-excludability and non rivalry (6, 5) 7. If government intervention leads to a net welfare loss (10, 7) 9. Once a public good has been provided for one, it's provided for all (4, 5, 7)
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