Tag: black-markets

Tag: black-markets

1 page tagged black-markets.

Pages

• Chapter 28: Market Failures — Economics 101

  Public goods, positive and negative externalities, and black markets — the four canonical situations where free markets produce socially suboptimal outcomes and government intervention has a defensible case.

Related tags

• market-failure
• public-goods
• externalities
• free-rider
• pollution
• government-intervention