# data[].attributes.body
Trade restrictions

# data[].attributes.body
Price floors and price ceilings

# data[].attributes.body
A fine or mulct and quotas (penalty money for negative externalities)

# data[].attributes.body
government failure

# data[].attributes.body
Adverse selection or moral hazard

# data[].attributes.body
No equal distribution of income

# data[].attributes.body
taxes & subsidies (for merit and demerit goods)

# data[].attributes.body
Abuse of monopoly power

# data[].attributes.body
Externalities are present in the market

# data[].attributes.body
information failure

# data[].attributes.headline
Government intervention for market failure

# data[].attributes.subject
Government intervention for market failure

# data[].attributes.body
underproduced - merit goods
overproduced - demerit goods

# data[].attributes.body
no public goods

# data[].attributes.body
optimum resource allocation is where both productive and allocative efficiency occurs to give the best allocation of resources

# data[].attributes.body
Productive efficiency - maximum output with the minimum resources
Allocative efficiency - produce output with scarce resources that leads to best consumer satisfaction

# data[].attributes.body
productive efficiency - lowest point on average cost curve
allocative efficiency - match the consumers preferences P=MC

# data[].attributes.body
more likely to occur in market economy
(Maybe in mixed economy)

# data[].attributes.body
resource allocation / economic efficiency