AQA•A-Level•Economics
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Market Failure
Types of market failure and government intervention
Practice 38 subtopics in Market Failure. All questions match the AQA A-Level specification.
About Market Failure
Market Failure is a key topic in the AQA A-Level Economicsspecification. This topic covers types of market failure and government intervention.
Master all 38 subtopics below with unlimited AI-generated questions. Each subtopic page includes sample questions and the ability to generate unlimited practice questions with detailed solutions.
All Subtopics (38)
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Definition of market failurePartial market failureComplete market failureMissing marketsPrivate costs and benefitsExternal costs and benefitsSocial costs and benefitsMarginal analysis of externalitiesMSC and MSBNegative externalities of productionNegative externalities of consumptionPositive externalities of productionPositive externalities of consumptionWelfare loss diagramsDeadweight lossCharacteristics of public goodsNon-excludabilityNon-rivalryNon-rejectabilityFree rider problemUnder-provision by marketsQuasi-public goodsAsymmetric informationAdverse selectionMoral hazardPrincipal-agent problemMerit goodsUnder-consumptionInformation failurePositive externalitiesDemerit goodsOver-consumptionAllocative inefficiencyHigher pricesLower outputWelfare loss from monopolyGeographical immobilityOccupational immobility
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