Market failure is the ability of a single person to have a substantial influence on market prices.

Name: Market failure is the ability of a single person to have a substantial influence on market prices.
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Question

Quizplus · Accepted Answer

Market failure refers to a situation where the market fails to allocate resources efficiently, typically due to externalities, public goods, or imperfect competition. It is not related to the ability of a single person to influence market prices.

Market Failure Is the Ability of a Single Person to Have