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2.9.2—Definitions of terms associated with market failure:

Syllabus
0455–2027–2028
Objective
2.9.2
Level

2.9.2—Definitions of terms associated with market failure:

  • public goods, merit goods, demerit goods, private benefits, external benefits, social benefits, private costs, external costs, social costs, monopoly
ConceptIGCSE Economics