Market Failure and Efficiency · Market Failure

Market Power and Equity

Assessing the impact of monopolies and income inequality on social welfare.

Key Questions

  1. 1How does market power allow firms to restrict output and raise prices?
  2. 2What trade-offs exist between achieving efficiency and ensuring social equity?
  3. 3What incentives drive governments to redistribute income through progressive taxation?

MOE Syllabus Outcomes

MOE: Market Failure and Equity - JC1
Level: JC 1
Subject: Economics
Unit: Market Failure and Efficiency
Period: Market Failure

Suggested Methodologies

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