Market Failure

When a market is dominated by a monopoly or a cartel, and they use their market powers to reduce supply in order to boost their own profitability, then the market has failed.

Were Cali Dairy Cows Slaughtered to Raise the Price of Dairy?

1 comment:

Mike W said...

And here I was thinking you would tell me how to market failure. Plenty to go around at the moment