First, carefully define instances of market failure, such as public goods problems and externalities problems, giving examples.
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- First, carefully define instances of market failure, such as public goods problems and externalities problems, giving examples. Technically, monopoly is also a government failure, but I don't generally include it. Why?
Related Book For
International Marketing And Export Management
ISBN: 9781292016924
8th Edition
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
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