Market Failure

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Across
  1. 2. – ________ externality of consumption: Benefits others beyond the consumer. (8 letters)
  2. 4. – Negative side effect of production or consumption. (9 letters)
  3. 5. – Common single-use product causing environmental harm. (7 letters)
  4. 7. good – Beneficial good underprovided in a free market. (9 letters)
  5. 9. – Impact on a third party not involved in a transaction. (11 letters)
  6. 10. – Government prohibition of harmful goods to reduce consumption. (3 letters)
  7. 12. – Limited availability of resources. (8 letters)
  8. 13. good – Non-rival and non-excludable good, e.g., streetlights. (10 letters)
Down
  1. 1. – Single seller dominating a market. (8 letters)
  2. 3. tax – A tax on goods and services to discourage harmful consumption. (11 letters)
  3. 6. – Government policy to reduce negative externalities. (8 letters)
  4. 8. – Harmful good overconsumed in a free market. (7 letters)
  5. 11. – A habit linked to market failure and health concerns. (6 letters)
  6. 12. – Government payment to encourage beneficial activities. (7 letters)