• In this session, the chapter Market failure has been explained. The chapter consists of

  • Definition of market failure
  • Private and social costs
  • Private and social benefits
  • Causes and consequences of market failure
  • Public good
  • Merit goods
  • Demerit goods
  • Abuse of monopoly power
  • Factor immobility.

  The notes have been uploaded in the exercise section.

• Session 14: Market failure

  • Market failure
    • Explanation 10 mins
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• Excercise Files

  • Market failure
    • Notes

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