-A market failure occurs when the market outcome is not the socially efficient outcome.

Name: -A market failure occurs when the market outcome is not the socially efficient outcome.
Brand: Quizplus
Rating: 4.9 (51 reviews)

Question

Quizplus · Accepted Answer

Market failure happens when the allocation of goods and services by a free market is not efficient, often leading to a net social welfare loss.

-A Market Failure Occurs When the Market Outcome Is Not