write this post in different words. Market failure occurs when a market-based approach fails to offer the best allocation of products or services. Market failure can take numerous forms, including: Externalities: This happens when one economic actor's activities have an impact on others, either positively or negatively. For example, a plant may emit pollutants that harm the environment, but it is not required to pay for this cost. As a result, the market does not allocate resources efficiently since the costs of pollution are not internalized. Public Goods: These are non-excludable and non-rival products. For example, national security is a public good because it benefits everyone and cannot be denied to anybody. However, because there is no economic incentive for private enterprises to generate public goods, the market is not very good at generating them. Information asymmetry: When one side has more or better information than the other, this occurs. For example, while purchasing a used car, the seller is more knowledgeable about the vehicle's condition than the customer. As a result of a lack of information, the market may be unable to distribute products efficiently