81.  (5) Incomplete markets: because buyers and sellers do not have a deep insight on their positions, price of goods and services is not proper.

82.  Instead, it is a situation where a given market does not efficiently organize production or allocate goods and services to consumers.

83.  Market failure is a concept within economic theory wherein the allocation of goods and services by a free market is not efficient.

84.  A market failure results when the price of goods and services do not reflect the true costs of producing and consuming those goods and services.

85.  Externalities can also become an issue which contributes to market failure, as the end cost of goods and services may fail to take externalities such as wages and impact on the environment into account.

86.  When public goods are used as an example of market failure, for example, people may argue that privately funded firefighting might be more effective than services paid for by the government.

87.  Instead, a market failure is a situation in which the allocation of goods and services by a free market is not efficient.

88.  Market failure is not refers to the market function complete paralysis, but is refers to that market can't efficient allocate goods and services due to some factors.

89.  Instead, a market failure is a situation in which the allocation of goods and services in a free market is not efficient.

90.  A market failure results when the price of goods and services do not reflect the true costs of\