SEARCH
You are in browse mode. You must login to use MEMORY

   Log in to start


From course:

Economics A Level

» Start this Course
(Practice similar questions for free)
Question:

What is a Partial Market Failure -Give an Example using Healthcare

Author: go kys



Answer:

-The Market Functions, but the Price or Quantity Supplied of the Goods is Wrong. -Healthcare, if its up to Supply and Demand Forces, would be Partial Failure, as some People wouldn't be able to Afford the Treatment they Need. Governments may Intervene and make Health Care Free.


0 / 5  (0 ratings)

1 answer(s) in total

Author

go kys
go kys