economics
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- Not enought competition is a market failure because without it some companies can get desmotivated to inovate, invest in new ideas and prices. They can, for example decide the price they want, because the conssumers do not have any other place to buy the same product with a similar quality. To help with this kind of situation, the government could make a limit for this companies of how much their product can cost.
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- buy sneakers!
- SALE!!!$45
- sneakers.com
- Not enought information: incentivate consumers to analyse the websites that appear to them. One example is when people are searching for something online and appears ONE site selling the same product than others but with a very lower price. In this type of circuntances, people need to know how to detect when the website is trustfull or not.
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- Resources that can't or won't move: At this market failure, land, labors and capital cannot move to markets with higher returns. In these cases, the employeesw tend to remain unemployment for a long time.
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