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

Westhampton Beach, New York

... there are 1,902 people, 805 households, and 498 families residing in the village. The population density is 252.4/km² (654.2/mi²). There are 2,279 housing ...