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bn:03545779n
Noun Concept
SYL
No term available
EN
In neoclassical economics, market failure is a situation in which the allocation of goods and services by a free market is not Pareto efficient, often leading to a net loss of economic value. Wikipedia
Relations
Sources
IS A
EN
failure
EN
market anomaly
HAS KIND
EN
free-rider problem
EN
common-pool resource
STUDIED BY
EN
microeconomics

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