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Microeconomics > causes of market failure information gaps 1.3.4 > Flashcards

causes of market failure information gaps 1.3.4 Flashcards

Microeconomics (25 decks)

free market economies

introduction to economics

opportunity cost PPF curve 1.1.4

rational decision making 1.2.1

Price determination market equilibrium 1.2.6

consumer and producer surplus 1.2.8

indirect taxation 1.2.9

subsidies 1.2.9

market failure and externalities 1.3.1 and 1.3.2

causes of market failure 1.3.3

causes of market failure information gaps 1.3.4

govt intervention in markets - minimum pricing 1..4.1

cross elasticity of demand XED

price mechanism

information gaps

minimum pricing

government intervention in markets 1.4.1

state provision

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