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What are some of the problems

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Question 1: Market failure has been defined as the inability of market forces to produce a socially 'right' amount of information, that is, to produce information to the point where its marginal cost to society equals its marginal benefit. While in theory this calculation may be possible, in reality there are problems with applying such a definition of market failure. What are some of the problems?

Reference no: EM132519146

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