Sources of market failure include

A) private goods.
B) imperfect information.
C) inflation.
D) perfect competition.

Market Failure

A situation in which the allocation of goods and services by a market is not efficient, often leading to a net social welfare loss.

Imperfect Information

A situation where buyers, sellers, or both lack the necessary information to make informed decisions about the market.

Private Goods

Goods that are excludable and rivalrous, meaning their consumption by one individual prevents another from consuming them.