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But how big is too big? In this essay, firstly, the Efficient Market Hypothesis (EMH) is given an appraisal in relation to random walk, as well as its definition, revealing theories in context of empirical evidence.
The meaning of market failure Market failure as a failure to allocate resources efficiently. Market failure: occurs when the condition for the market is allocatively inefficient, resulting in an over-allocation of resources or an under-allocation of resources.
More (or less) is sold at a lower (or higher) price than is socially desirable.Market efficiency essay