Market Failure Crossword Puzzle
QUESTIONS LIST: government : who might intervene on markets if they fail, police : a public good, you ring if you need help asap, energy : example of a demerit good........drinks, information : when buyers and sellers have the same info: asymmetric..., education : example of a merit good/service (where you are now), monopoly : when a firm is the sole producer, smoking : a ban on .......... in public places has reduced the number of people who do this, externalities : costs of benefits imposed on 3rd parties from consumption/production, charge : congestion.....reduces number of cars in london, demerit : over produced goods that are bad for us, life : market failure can ultimately impact on people’s quality of......., merit : goods and services that are produced in private sector and by the government, public : goods produced by the government for all to benefit from, resources : market failure is where there is a misallocation of...., subsidies : payment or an amount of money given by the government to suppliers/firms that reduce their costs, indirect : the type of tax that is paid on goods/service (we dont know we pay it)