Define and describe different types of market faliure

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1. What is the difference between Microeconomics and Macroeconomics?

2. What is the definition of a market failure? Why do they occur?

3. When and where did the modern business cycle begin?

4. Why it might be misleading to compare the observed price of the medical variety with the observed price of the illegal weed?

5. Define and describe different types of market faliure. What is the definition of a market faliure? and how do they occur? reasons?

Reference no: EM131425967

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