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Market failure

Market failure

Session 14: Market failure

Market failure

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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.

  • Session 14: Market failure

  • Excercise Files

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