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This Concept Map, created with IHMC CmapTools, has information related to: Market Failure, it produces at the wrong quantity and price in the case of Imperfect Information, Negative Externalities a source of Demerit Goods, market does actually function but it produces at the wrong quantity and price, Resource allocation may be classified as Equity, Resource allocation may be classified as Economic Efficiency, complete when market simply does not supply products at all, it produces at the wrong price in the case of Goods, the process by which markets set prices that is Efficient, Market Dominance results in NOT Equitable, market does actually function but it produces at the wrong price, overproduced/ overconsumed for Goods, Demerit Goods that are overproduced/ overconsumed, Demerit Goods that generate Negative Externalities, partial when market does actually function, it produces/consumes at the wrong quantity which is overproduced/ overconsumed, Resource allocation using the price mechanism/free market, Imperfect Information about Costs, Inefficient when market failure, underproduced/ underconsumed when they generate ????, Public Goods a source of Demerit Goods