Economics A-Level
Missing market
What Missing market means in Economics A-Level, as defined for AQA.
Definition of Missing market
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Reference: AQA
The outcome of complete market failure, where the free market fails to supply a product entirely.
Topics that use Missing market
- The meaning of market failure (AQA A-Level)
Related terms
- Allocative efficiency
- Externalities
- Externalities and public goods
- Income distribution
- Inequality
- Market failure
- Market power
- Partial market failure
Using Missing market in the exam
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