Asked by
Criss Ramirez
on Nov 17, 2024
Verified
Market failure occurs when no individual has the ability to substantially influence market prices.
Market Failure
Refers to a situation where the allocation of goods and services by a free market is not efficient, often justifying government intervention.
Market Prices
The price point at this moment for the sale or purchase of a service or asset.
- Identify the causes and consequences of market failure.
Verified Answer
BW
Learning Objectives
- Identify the causes and consequences of market failure.