Question: Please add references. We have learned that markets, if left alone, will end up at an equilibrium point. At this price and quantity, some people
Please add references.
We have learned that markets, if left alone, will end up at an equilibrium point. At this price and quantity, some people are willing and able to obtain the good, and others are not. What are some markets (goods or services) where an equilibrium might not be the most desirable point? Meaning, if left alone, the market produces too much or too little compared to societal nee
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