IPA Transcription of "market failure" in American English

The American English IPA transcription of “market failure” is /ˈmɑɹkət ˈfeɪljɚ/.

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market
failureˈfeɪljɚ

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  • market failuresituation in which the allocation of goods and services by a free market is not efficient and can be improved upon from the societal point of view, often leading to a net loss of economic value

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