Tag: market-failure

Tag: market-failure

1 page tagged market-failure.

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

• public-goods
• externalities
• free-rider
• pollution
• black-markets
• government-intervention