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Let us define market failure to mean the inability of producers to supply a product at a price for which consumers are willing to pay.

When the market is dealing in a good that is economically destructive and ethically bad.

A failure of the Crystal Methamphetamine market would be good. Law enforcement could prevent production or delivery and thus cause market failure.

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Q: What are the Condition under which market may fail to be ethically and economically efficient?
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