Sources of Market Failure Assignment Help

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Sources of Market Failure:

Sources of market failure can generally be viewed as the presence of  (a) market power or non-competitive markets, (b) externalities, (c) public goods, (d)common property resources, (e) non-convexities in either production or consumption set, and (0  asymmetries  in market information. The discussion below would focus on these sources of market failure.

Common Property Resources Determination of optimal allocation
Externalities Externalities and Missing Markets
Market Power Non - Convexities
Non-optimality of the Competitive Outcome Optimal Provision of Public Goods
Public Goods
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