Encyclopedia > Market failure

Article Content

Market failure

Market failure is a case where markets fail to efficiently provide or allocate goods and services.

The main reasons for market failure include:

monopoly
externality
assymetrical information[?]
public goods

Featured Article

Christiania

... to: Christiania - the name of Oslo, from 1624 to 1925. The Free State of Christiania - a partially self-governing neighborhood in the city of Copenhagen. This is a ...