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market failure
Market failure is a concept within economic theory describing when the allocation of goods and services by a free market is not efficient.
stan_r|Points 1382|
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Asked 9/18/2014 9:47:28 AM
Updated 9/18/2014 10:15:24 AM
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This answer has been confirmed as correct and helpful.
Edited by jeifunk [9/18/2014 10:15:23 AM], Confirmed by jeifunk [9/18/2014 10:15:24 AM]
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Updated 9/16/2014 9:55:34 AM
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A situation in which quantity demanded is greater than quantity supplied best describes shortage.
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Which of the following is a condition of a perfectly competitive market? a. a few buyers c. a market in which there is only one barrier to entry b. identical products d. uninformed buyers and sellers
Weegy: Identical products following is a condition of a perfectly competitive market. (More)
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Updated 9/18/2014 10:01:34 AM
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