Which term describes a market failure resulting from speculative buying that drives up the price of major commodities to levels exceeding their intrinsic value?

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The term that describes a market failure resulting from speculative buying that drives up the price of major commodities to levels exceeding their intrinsic value is a bubble. A bubble occurs when investors bid up the price of an asset beyond its fundamental value, leading to a rapid price decline once the bubble bursts.

Which Term Describes a Market Failure Resulting from Speculative Buying