State clearly and precisely what is meant by market failure, Ask an Expert

Economics

State clearly and precisely what is meant by market failure? List the factors that would lead to market failures, and explain each one of them. State the second theorem of welfare economics, and explain the significance of the role of government in the economy even if the Pareto optimum has been achieved in a competitive market economy.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M92202303

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