Explain why any imperfect market structure is one of the sources of market failures. Give an example by showing graph/calculation and descriptions.

Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter9: Competition And Monopolies
Section: Chapter Questions
Problem 13AA
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Explain why any imperfect market structure is one of the sources of market failures. Give an example by showing graph/calculation and descriptions.

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