MARKET FAILURE

Question 1

market failure examples

Answer 1

• production externalities
• consumption externalities
• public goods
• information asymmetry
• income inequality
• abuse of monopoly power

Question 2

market failure examples

Answer 2

• production externalities
• consumption externalities
• public goods
• information asymmetry
• income inequality
• abuse of monopoly power

Question 3

• regulate and supervise production, distribution and consumption of goods and services
• provides incentives
• interferes in the allocation of goods and services

are?

Answer 3

roles of the government