In November 2024
Answer to Question #213430 in Microeconomics for Tanya
How do inefficiencies occur in the market due to externalities.? Explain.
Inefficiencies occur in the market when the price of a product or a service does not accurately reflect the true cost and benefits of that particular product.It maybe due to information assymetries, transaction costs,market psychology and human emotions among other factors.
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#339914 on Dec 2023
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