Key Micro Diagrams (Market Failure)
- Levels: A Level, IB
- Exam boards: AQA, Edexcel, OCR, IB, Eduqas, WJEC
In this revision video we journey through some of the main analysis diagrams that you might use when answering market failure questions. The main focus is on negative and positive externalities.
- Economics
- Student Videos
- Market Failure
- Partial market failure
- Deadweight loss
- Incentives
- Government Failure
- Price mechanism
- Asymmetric information
- Negative externality
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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