Market Failure and Externalities
Economics · 6th Year · Market Mechanisms and Market Failure · 1.º Período

Market Failure and Externalities

Investigating public goods, externalities, and asymmetric information, and how they lead to inefficient market outcomes.

NCCA Curriculum SpecificationsLeaving Certificate Economics LO 2.6Leaving Certificate Economics LO 3.1

About This Topic

Investigating public goods, externalities, and asymmetric information, and how they lead to inefficient market outcomes.

Key Questions

  1. Why do free markets under-provide public goods?
  2. How do negative externalities like pollution impact society?
  3. What role does asymmetric information play in the insurance market?

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