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Market Inefficiencies: Externalities and Public Goods

7. Market Inefficiencies: Externalities and Public Goods. Market Failure. Market Failure When the free market may not provide economically efficient (ideal) outcome Sources Too little competition Monopoly/Cartels Too little output/total surplus (deadweight loss)

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External costs cost - PowerPoint PPT Presentation

Market Inefficiencies: Externalities and Public Goods