What is market failure, What is market failure? How can

What is market failure

Reference no: EM133210055

Questions -

Q1. Why is the free market generally regarded as allocating resources efficiently?

Q2. What is market failure? How can government intervention correct for market failure? Does government intervention always improve on market failure?

Q3. What is an externality? Give an example of a positive externality and of a negative externality.

Q4. Because the market fails to lead to an economically efficient outcome in many cases, does this mean that the market is not good at allocating resources throughout the economy?

Reference no: EM133210055

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What is market failure : What is market failure? How can government intervention correct for market failure? Does government intervention always improve on market failure

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