market failure (Q622657)

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situation in which the allocation of goods and services by a free market is not efficient and can be improved upon from the societal point of view, often leading to a net loss of economic value
  • allocative inefficiency
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English
market failure
situation in which the allocation of goods and services by a free market is not efficient and can be improved upon from the societal point of view, often leading to a net loss of economic value
  • allocative inefficiency

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