Economics A-Level
Market Failure in Finance
What Market Failure in Finance means in Economics A-Level, as defined for Pearson Edexcel.
Definition of Market Failure in Finance
The presence of externalities, asymmetric information (adverse selection and moral hazard), and the tendency toward monopoly power in 'too big to fail' institutions.
Topics that use Market Failure in Finance
- The financial sector (Pearson Edexcel A-Level)
Related terms
Using Market Failure in Finance in the exam
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