What are the various causes of a market failure?

Question

26 Oct 2021

Answer :

Word Count : 308

One of the main causes of market failure is when one participant has control of one or more areas of the market and therefore is able to control the price of a good or service rather than letting changes in supply and demand do so. This is often seen in monopolies where a company that has a monopoly sets the price of a ________ ________ __________ _______ ______ _____ ________ _____ _________.
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