What Is a Market Failure? Why Do Market Failures Occur

question 5

Essay

What is a market failure? Why do market failures occur?

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Definitions:

Demonstrative Pronouns

Words that replace nouns to indicate specific things or people, especially in relation to distance from the speaker (e.g., this, that, these, those).

Nouns

Words used to identify any of a class of people, places, or things, or to name a particular one of these.

Transitional Sentence

A sentence in writing that smoothly connects two topics or sections, ensuring a cohesive flow of ideas.

Heading

The title or topic of a document, article, chapter, or page.