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Explain the Theory of Market Imperfections and Describe the Two

question 40

Essay

Explain the theory of market imperfections and describe the two major market imperfections.


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Loans

Borrowed money that is expected to be repaid with interest.

Kickstarter Contributors

People who financially support projects presented on Kickstarter, a crowdfunding platform, expecting rewards or the successful completion of projects.

Awards-In-Kind

Prizes or recognitions given in the form of goods and services instead of monetary rewards.

Cash Award

A monetary prize given to individuals or organizations for achievements or contributions in various fields.

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