MARKET FAILURES

Meer zoals dit

Rising the awearness of the negative environmental impacts of using plastic bags in society

door Raya Ali

Market Structure

door Kendal Bainbridge

Market Structures Morgan Schettler

door Morgan Schettler

The Scope of Public Economic

door Nathania Rahayu

the market produces a smaller qu quantity than is desired

consequences

the market produces more than what is desired

Type externalities

Positive

cost reduction ans /or production increase

Negative

cost increase and /or production reduction

MARKET FAILURES

Incomplete markets

-Absence of economic incentives -allocation of resources impossible to control dueto their cost -higher prices and lower quantities

-Free access -Public goods -asymmetric information non compettive markets

Imperfect competition

it's divided in

Monopoly

Oligopoly

Duopoly

it is characterized by

-Princes objects of manipulation or negotiation -heterogenity of products -Brand recognition

situation that occurs when a good or service is not efficient

Externalities

When a market produces effects on other subjects other than seilers ans buyers who act in the.

Impacts

costs and benefits for third parties not required

inefficiency in the markets