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From course:

Economics A Level (DONEEEEEEE)

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Question:

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

Author: eric_galvao



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.


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