Market Failure | A-Level Economics Notes

These revision notes cover everything you need to know about Market Failure for A-Level Economics. They're designed for students studying AQA A-Level Economics, Edexcel A-Level Economics, and Edexcel International A-Level Economics. Written by Jaisul Naik, UCL Economics graduate and A-Level Economics tutor since 2017.

What is market failure?

Market failure occurs when there is a misallocation of resources.