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

French resistance

... Moulin became a chairman. Initially Americans supported Henri Giraud[?], However, at Casablanca conference[?] in June 1943 De Gaulle and Giraud were forced to reconcile ...