Encyclopedia > Market failure

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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:

See also:

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... of the arts and sciences (+ 1834) 1844 - Ludwig Boltzmann, physicist (+ 1906) 1844 - Joshua Slocum, seaman and adventurer (+ 1909) 1887 - Carl Ebert[?], opera ...