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Market failure occurs when the allocation of goods and services by a free market is not efficient, leading to a net social welfare loss. It can arise due to various reasons, including externalities, public goods, information asymmetries, and monopolies. In such cases, the market fails to provide the optimal level of production or consumption, necessitating intervention by the government or other entities to correct the inefficiencies.
What else can I help you with?
What is the birth name of Joy Markert?
Joy Markert's birth name is Joy Hans Markert.
How does markert obtain primary data?
primary markert methods
When was Clement Markert born?
Clement Markert was born in 1917.
When did Clement Markert die?
Clement Markert died in 1999.
How tall is Minna Markert?
Minna Markert is 160 cm.
When was Minna Markert born?
Minna Markert was born in September 1994.
What nicknames does Philip Markert go by?
Philip Markert goes by Phil.
When did John Markert - politician - die?
John Markert - politician - died in 2011.
When was Joy Markert born?
Joy Markert was born in 1942, in Tuttlingen, Baden-Wrttemberg, Germany.
What has the author Clement L Markert written?
Clement L. Markert has written: 'Developmental genetics [by] Clement L. Markert [and] Heinrich Ursprung' -- subject(s): Developmental genetics
Is Russell Markert a noun?
Yes, 'Russell Markert' is a noun, a proper noun, the name of a specific person.
When was Russell Markert born?
Russell Markert was born on August 8, 1899, in Jersey City, New Jersey, USA.
