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Market failure:
Productive efficiency:
Economic efficiency:
Inefficiency:
Free market mechanism:
Information failure:
Asymmetric information:
Externality:
Third party:
Private costs:
Private benefits:
External costs:
External benefits:
Social costs:
Social benefits:
Negative externality:
Positive externality:
Merit goods:
Demerit goods:
Public goods:
Non-excludability:
Free rider:
Non-rivalry:
Quasi-public goods:
Direct tax:
Indirect tax:
Polluter pays principle:
Subsidy:
Tradable permit:
