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Externalities-public goods and information asymmetry

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Reference no: EM132550494

In this chapter you have learned about 3 sources of market failure: Externalities, public goods, and information asymmetry. Restricting yourself to education, health, technology and financial sectors I would like you to identify an example of each of these market failures and explain why it is a market failure.

You are required to do give 3 examples:

-An externality -explain if your example is a positive or a negative externality and why you think so

-A public goods explain how your example fits the definitions of non rivalry and or non-excludability

-Information asymmetry -explain whether your example represents moral hazard or adverse selection and why you think so

Reference no: EM132550494

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