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10 cards from this deck
Market mechanism doesn't allocate resources efficiently
Missing market
Wrong quantity (too much or too little)
Signalling, Incentives, Rationing, Allocation
Excludable and rival (ER)
Owners can prevent use without payment
One's consumption reduces quantity for others
Consumers hold most power (competitive markets)
Producers hold most power (imperfect/monopoly markets)
Non-excludable and non-rival
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