Question

explain two main causes of market failure with an example

Answer 1

Explanation:

Due to the structure of markets, it may be impossible for them to be perfect. Reasons for market failure include: positive and negative externalities, environmental concerns, lack of public goods, underprovision of merit goods, overprovision of demerit goods, and abuse of monopoly power.

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Answer 2

Answer:Environmental concerns, lack of public goods and underprovision of merit goods.