Economics A-Level

Missing markets

What Missing markets means in Economics A-Level, as defined for AQA.

Definition of Missing markets

Check what you remember

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Reference: AQA

The absence of a market to price external costs, so economic agents ignore them.

AQA · Positive and negative externalities in consumption and production

Topics that use Missing markets

Positive and negative externalities in consumption and production (AQA A-Level)

Related terms

Using Missing markets in the exam

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All Economics A-Level terms