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What do you understand by the market failure?

Answer:

market failure is a term used in economics to denote a condition in which free markets are not able to perform under the certain preassumptions made by economists. The main four reasons for market failure are monopoly power,externalities,public good and information failure.

First answer by Amitagarwalfour. Last edit by Amitagarwalfour. Contributor trust: 0 [recommend contributor ]. Question popularity: 2 [recommend question].

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