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what occurs when the free market is not able to allocate resources and goods and services efficiently​
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what occurs when the free market is not able to allocate resources and goods and services efficiently​

User Guillaume Darmont
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1 Answer

21 votes
21 votes

Answer: Market failure

Step-by-step explanation:

When the free market is not able to allocate resources and goods and services efficiently​, this situation is referred to as market failure.

Market failure brings about disequilibrium in the market as the quantity supplied and the quantity demanded aren't in equilibrium anymore as there's market distortion. It takes place when the quantity of good. The distortion may be as a result of monopoly power.

User Javier Sedano
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