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7.3.6 reasons for market failure

What are the six main reasons why markets fail?

A
  • Externalities
  • Public goods
  • Complete information
  • Monopoly power
  • Factor immobility
  • Economic growth
B
  • Externalities
  • Public goods
  • Information failure
  • Monopoly power
  • Factor immobility
  • Inequality
C
  • Externalities
  • Public goods
  • Information failure
  • Monopoly power
  • Factor mobility
  • Equality
D
  • Externalities
  • Private goods
  • Perfect information
  • Competitive markets
  • Factor mobility
  • Equality

7.3.6 reasons for market failure Flashcards

  1. Intl A Level
  2. /Economics
  3. /7.3.6 reasons for market failure

20 flashcards on CIE Intl A Level Economics 7.3.6 reasons for market failure: the key terms and definitions you need to recall.