What is demand-side market failure?
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When producers do not have to pay the full cost of producing a product, they tend to
A. overproduce the product because of a demand-side market failure.
B. underproduce the product because of a demand-side market failure.
C. underproduce the product because of a supply-side market failure.
D. overproduce the product because of a supply-side market failure.
What is the difference between supply-side and demand-side market failure?