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In this session, the chapter Market failure has been explained. The chapter consists of
- Definition of market failure
- Private and social costs
- Private and social benefits
- Causes and consequences of market failure
- Public good
- Merit goods
- Demerit goods
- Abuse of monopoly power
- Factor immobility.
The notes have been uploaded in the exercise section.
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Session 14: Market failure
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Market failure
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Explanation 10 mins
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Explanation
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Explanation 10 mins
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Market failure
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Excercise Files
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