Market Failure key terms 0.0 / 5 ? EconomicsMarket FailureInternational BaccalaureateAll boards Created by: mili.vCreated on: 04-07-19 16:17 10586372149 Across 1. refers to the cost of society when one more unit of a good is produced (8, 6, 4) 4. consumption by one person reduces its availability to someone else (9) 9. means too many resources are allocated to its production (13) 10. goods which are rivalrous and excludable (7, 5) Down 2. goods that are considered harmful to the individual and society as a whole, and are usually over-provided in a free market (7, 5) 3. is a method of reducing the levels of carbon dioxide emitted from burning fossil fuels. (6, 3) 5. refers to the ability to maintain or preserve natural resources (14) 6. possible to exclude others from using the good once it has been provided, because you have to pay for the good to use or consume it (10) 7. goods that are beneficial to the individual and society as a whole, and are usually under-provided in a free market (5, 5) 8. are goods that would not be provided at all in a free market but which are necessary and benefitial to society. They are non-rivalrous and non-excludable but underprovided. (6, 5)
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