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Summary Introduction to market failure resource for students learning it for the 1st time

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2026/2027 Written for academic year
Institution PEARSON (PEARSON)
Module Unit 1 - Markets, consumers and firms
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Introduction to market failure resource for students learning it for the 1st time

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What is market failure?



Causes of market failure

Type What is it? Example?
Monopoly Power




Merit goods




Demerit goods




Information failure




Externality

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Study Level
A/AS Level
Subject
Economics B
Uploaded on
October 9, 2026
Number of pages
2
Written in
2026/2027
Type
Summary
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