Understanding Market Failure

Author: Nishant

Microeconomics deals with the study of decision-making by actors within an economy like individual customers, employees, firms, and households. Microeconomics has a lot to do with understanding efficient and optimal…

Market Failure Concepts Refresh

Author: Nishant

Refer to the Understanding Market Failure read and educational video to answer the question.   Q1). In the WHO example of passive smoking, what type of externality if passive smoking?…