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Uncommon card · Science
Market failure, an Uncommon card
In neoclassical economics, market failure is a situation in which the allocation of goods and services by a free market is not Pareto efficient, often leading to a net loss of economic value.
- Rarity
- Uncommon
- Domain
- Science
- ATK
- 76
- DEF
- 77
- Power
- 153
- Wikipedia reads a year
- 35,000
Power 153 (ATK + DEF): stronger than 80 % of WikiCards cards.
The facts on the card
The card carries these facts from its Wikipedia article.
- The first known use of the term by economists was in 1958, but the concept has been traced back to the Victorian writers John Stuart Mill and Henry Sidgwick.
- Market failures are often associated with public goods, time-inconsistent preferences, information asymmetries, failures of competition, principal–agent problems, externalities, unequal bargaining power, behavioral irrationality, and macro-economic failures.
- The neoclassical school attributes market failures to the interference of self-regulatory organizations, governments or supra-national institutions in a particular market, although this view is criticized by heterodox economists.
Why it is Uncommon
Rarity in WikiCards follows a year of Wikipedia page views: the most read articles become Epic and Legendary cards. The Market failure article was read about 35,000 times in a year. ATK comes from the length of the article and DEF from its quality, so this card hits with 76 and blocks with 77: each hit it takes is cut by 31 %.
How to get Market failure
Open packs. Each pack holds five cards drawn from real Wikipedia articles, the rarest last, and the fifth card is always Rare or better. The odds are shown in the game. A free pack arrives every hour and two can wait, and the Coins you win in duels buy more packs.
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Credits
Text : Wikipedia, Market failure (revision), CC BY-SA 4.0. Photo : CEphoto, Uwe Aranas, CC BY-SA 3.0, Wikimedia Commons.





