Listening Guide for Market Failure Video 1. When would the allocation of resources be efficient? 2. Discuss one cause of market failure and suggest a way this can be addressed? 3. Describe what the government can do to reduce the overproduction of socially undesirable goods and services? 4. Define the economic concept of externalities 5. Provide 2 examples of negative externalities 6. Provide 2 examples of positive externalities