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Market failure is usually a term to describe the inability of a product or service that has produced losses over a given period of time. The reasons for this may differ depending on many factors. One notable market failure was with IBM and the personal computer market. This case is some years back, however, it's good case to know about. IBM is a classic when it comes to computers and high technology. IBM decided to enter the personal computer back in the 1980's. IBM has a well known name but has well known expenses. Smaller computer companies were able to meet customer demands in the various ways a small computer works. IBM was to big to quickly adapt to these changes and thus IBM's personal computer business had to be ended.

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