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AGRIBUS7054 Market Failure Assignment Sample

Global Food and Agricultural Policy Analysis - Question 1 Market failure occurs when the market is inefficient and the resources are not used efficiently. In the given situation, there is a negative externality where the actions of one party affect the third person indirectly in a negative way. In the given situation, there is a positive externality as the actions of one person are having positive impacts on third-person indirect…

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