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Economics Theme 1 revised > 9- Types of Market Failure > Flashcards

9- Types of Market Failure Flashcards

1
Q

Types of market failure

A
  • Externalities
  • Under-provision of public goods
  • Information gaps
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2
Q

Consequence of externalities

A

Over or under production of a good.

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Economics Theme 1 revised (30 decks)

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