Market failure occurs when there is an inefficient allocation of resources in a free market. After defining the concept

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answerhappygod
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Market failure occurs when there is an inefficient allocation of resources in a free market. After defining the concept

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Market failure occurs when there is an inefficient
allocation of resources in a free market. After defining the
concept of market failure, give no more than three examples to
analyse the effectiveness of various forms of government
intervention which may be used to address this. (1000 words limit
essay)
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