Answers>Economics>A Level>Article

What is market failure?

-definition =>complete, market not supply at all=missing markets and partial=>wrong quantity or price

-example with diagram

-explanation

Answered by Yasmin A. • Economics tutor

1941 Views

See similar Economics A Level tutors

Related Economics A Level answers

All answers ▸

Explain the two main causes of inflation

How are is consumer and producer suplus shown on a diagram of supply and demand? How are both the division and amount of total surplus determined?

Explain how a company would set a price if their aim was to profit maximise.

Explain how changes in prices allocate scarce resources in a market economy [12 marks]

Popular Requests

Maths tutor Chemistry tutor Physics tutor Biology tutor English tutor GCSE tutors A level tutors IB tutors Physics & Maths tutors Chemistry & Maths tutors GCSE Maths tutors

CLICK CEOP

Internet Safety

Payment Security

Cyber

Essentials

MyTutor is part of the IXL family of brands:

IXL

Comprehensive K-12 personalized learning

Rosetta Stone

Immersive learning for 25 languages

Wyzant

Trusted tutors for 300 subjects

Education.com

35,000 worksheets, games, and lesson plans

Vocabulary.com

Adaptive learning for English vocabulary

Emmersion

Fast and accurate language certification

Thesaurus.com

Essential reference for synonyms and antonyms

Dictionary.com

Comprehensive resource for word definitions and usage

SpanishDictionary.com

Spanish-English dictionary, translator, and learning resources

FrenchDictionary.com

French-English dictionary, translator, and learning

Ingles.com

Diccionario ingles-espanol, traductor y sitio de apremdizaje

ABCya

Fun educational games for kids