answersLogoWhite

0

market failure is a term used in Economics to denote a condition in which free markets are not able to perform under the certain preassumptions made by economists. The main four reasons for market failure are monopoly power,externalities,public good and information failure.

User Avatar

Maddison Thiel

Lvl 10
3y ago

What else can I help you with?

Related Questions

What are the advantages and disadvantages of market economy?

really don't understand


What is the Market Research Analysis?

The Market research analysis is the method to understand the current market and see the product and market fit on the new launch. It also considers if the market is price-sensitive or quality sensitive.


Where can one find help as to understand the forex market?

There are a lot of places in order for one to find out help as to understand the forex market. However, it is strongly suggested that one should check out from the website DailyFX.


To understand a particular market do you have to study other markets?

Yes, some products are substitutes for others , some are consumed with others and some are used in the production of others.


Justify why it is important to study economics?

It is important to study economics so that you understand the market. You need to understand why you pay what you do for the things you value.


When was the camera phones are introduced to the us market?

because it was the knowledge way to understand


How can the stock market be understood?

To understand the stockmarket, go to the related site below.


Is there a market for icewine in china?

Yes, there's a market for almost anything in China. However, you must learn and understand government regulations and requirements before you market your products to China.


what is market segment?

Market segmentation is a way of aggregating prospective buyers into groups or segments, based on demographics, geography, behavior, or psychographic factors, in order to better understand and market to them.


How does a market economy relate to the economic environment?

The market economy is the economic environment. This is a broad question though, so it's difficult to understand the intent. See Mises.org for further discussion about how the market works.


What you understand by the term market planning and its role in marketing of good and services?

Market planning identifies and anticipates customer requirements. The role of market planning in the sale of goods and services are determined by supply and demand.


What is an example of a single and standing plan that work together in business?

i dont understand ur question exactly, but from i understand the answer is a market[ing] strategy. hope that helps somewhat