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Homework answers / question archive / Which type of market failure does the following represent? Construction of a bowling alley in the center of a busy town
Which type of market failure does the following represent?
Construction of a bowling alley in the center of a busy town
The market failure of positive externality is represented in the question where a bowling alley gets constructed in the central region of a town. The reason is that the bowling alley would provide the people of the town a way of doing the recreational activity of bowling.
