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2.10.2 Causes of market failure

Unit 2.10.2 - Causes of market failureThis section of the Cambridge IGCSE Economics (0455) syllabus requires students to understand the causes of market failure with respect to:Public goodsMerit goodsDemerit goodsExternal costsExternal benefitsThe abuse of monopoly power, andFactor immobilityStudents are also expected to use examples of market failure with respect to these areas only.

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