Market Failure 0.0 / 5HideShow resource informationEconomicsMarket failureASEdexcelCreated by: samstarrzCreated on: 11-04-14 14:50 753982146 Across 1. A tax levied on expenditure (8, 3) 4. A grant from the government to encourage consumption (7) 6. If government intervention leads to a net welfare loss (10, 7) 7. Demonstrate non-excludability and non rivalry (6, 5) Down 2. Third party costs of benefits ignored by the price mechanism (13) 3. When the price mechanism causes an inefficient allocation of resources (6, 7) 5. Scheme to reduce price fluctuations of commodities (6, 5) 8. the ability of workers to change from one job to another both occupationally and geographically (8, 2, 6) 9. Once a public good has been provided for one, it's provided for all (4, 5, 7)
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