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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A bubble is a market failure resulting from speculative buying that drives up the price of major commodities to levels exceeding their intrinsic value. This can lead to a sudden drop in prices when the bubble bursts, resulting in significant economic consequences. Collective exploitation and engagement are not specific terms in economics, and inflation refers to a sustained increase in the general price level of goods and services.

Which Term Describes a Market Failure Resulting from Speculative Buying