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What are some of the sources of market failure?
Equilibrium Quantity
The quantity of goods or services that is supplied and demanded at the market equilibrium price.
Supply and Demand
Fundamental economic concepts that describe how the quantity of a good or service provided by producers and the quantity desired by consumers affect its price.
Equilibrium Quantity
The quantity of goods or services that is supplied and demanded at the equilibrium price.
Simultaneously Increases
Occurring when two or more variables or conditions rise at the same time.
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