The structure of a firm can fail in similar ways to market failure.

Name: The structure of a firm can fail in similar ways to market failure.
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Question

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Just like markets can fail due to imperfect information, externalities, and lack of competition, a firm can fail due to poor management, inadequate resources, and flawed decision-making processes. In both cases, there is a misallocation of resources that results in suboptimal outcomes.

The Structure of a Firm Can Fail in Similar Ways