100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Summary How to structure market failure case £2.99   Add to cart

Summary

Summary How to structure market failure case

 6 views  0 purchase

Summary of 2 pages for the course AS Unit F581 - Markets in Action at OCR (Definitions)

Preview 1 out of 2  pages

  • June 30, 2023
  • 2
  • 2022/2023
  • Summary
All documents for this subject (14)
avatar-seller
samiakalam1
Market failure refers to when there is a misallocation of resource in a market which results in an equilibrium
quantity that leads to a good being over/under consumed/ produced relative to the best allocation for society
Externalities- positive or negative impact on a third party (those who neither buy or sell) from a particular
market transaction
Marginal social cost (MSC)= marginal private cost+ externalities
Marginal social benefit (MSB)= marginal private benefit+ externalities

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller samiakalam1. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for £2.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79373 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now

Start selling
£2.99
  • (0)
  Add to cart