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Write a short essay on the nature and possible causes of Market Failure (or situations under...

Write a short essay on the nature and possible causes of Market Failure (or situations under which markets do not produce the ideal volume of output). As part of your essay, make sure that you use supply and demand diagrams both to explain what constitutes market success and also to explain what constitutes market failure. As part of your answer, give at least two specific examples of situations that are likely to yield market failure.

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Rahul Sunny answered 2 years ago
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