An imperfection in the market mechanism that prevents optimal outcomes is called

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Market failure refers to situations where the market mechanism fails to allocate resources efficiently, resulting in an outcome that is not optimal. This can happen due to externalities, public goods, imperfect competition, and asymmetric information, among other factors. Antitrust behavior and collusion, on the other hand, refer to illegal and unethical practices that can distort market outcomes, but they are not necessarily the result of market failure.

An Imperfection in the Market Mechanism That Prevents Optimal Outcomes