Type of market failure does easily-obtainedeum suffer from

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Assignment:

(a) The market for Easily-Obtainedeum is perfectly competitive. However, its marginal social benefits exceed its marginal private benefits.

(b) What type of market failure does Easily-Obtainedeum suffer from? Explain. Answer in 2 sentences. Remember this is for AP Microeconomics.

Reference no: EM133843289

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