Explain why an externality might be a market failure. What does market failure mean?

Question:

Explain why an externality might be a market failure. What does market failure mean?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Economics

ISBN: 9781032046723

9th Edition

Authors: William Boyes, Michael Melvin

Question Posted: