SECTION B QUESTION TWO Read the scenario and answer the question that follows: It is impossible to identify a solution for market failure without clearly identifying what a market failure is and why it persists. The common interpretation of market failure is the failure of a market to live up to the standards of perfect competition that leads to an efficient distribution of goods and services. Source: Boyle, M. (2021). https://www.investopedia.com/ask/answers/042115/how-market-failure- corrected. asp#:~:text=Market%20failure%20can%20be%20caused, %20%20subsidies%20%20and%20trade%20restrictions. Drawing from the provided scenario, predict the underlying reasons for market failures within the economy, S offering a critical discussion. (25) BIGE Fin Tim