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7.3.5 definition of market failure
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What Is Market Failure?

What Is Market Failure?

Market failure is a misallocation of resources by the free market, so that output differs from the socially optimal level. It is not simply an outcome that someone dislikes.

7.3.5 definition of market failure Lesson

  1. Intl A Level
  2. /Economics
  3. /7.3.5 definition of market failure

Step-by-step lessons on CIE Intl A Level Economics 7.3.5 definition of market failure. Each one builds up to exam-style questions.