+Market failure describes situations where the free market, left to itself, fails to allocate resources efficiently, leading to a suboptimal outcome for society. This can occur due to various reasons, such as the presence of [Externalities](/wiki/externalities) or the nature of [Public Goods](/wiki/public_goods).
+## See also
+- [Information Asymmetry](/wiki/information_asymmetry)
+- [Monopoly](/wiki/monopoly)
+- [Government Intervention](/wiki/government_intervention)
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