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​Examples of Market Failure Include Lack of Competition, Externalities, Public

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​Examples of market failure include lack of competition, externalities, public goods, and income inequality.


Definitions:

Operations

Actions performed on data by a computer or computational system, including mathematical, logical, and various other types of operations.

Values

Data items represented in software or memory, can be of various types including integer, float, string, or boolean.

Primitive Types

Primitive types are the most basic data types provided by a programming language, such as int, float, and char in C and C++, directly holding values.

Built-in Types

Predefined data types that are available in a programming language, such as integers, booleans, and floating-point numbers.

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