失灵英文

For non-public items, due to market and price distortions, or for public goods, due to asymmetric information and externalities and other reasons, causing the resource configuration is invalid or ineffective, and thus cannot implement resource configuration zero opportunity cost resources configuration state. Seeking expert help to define the translation into English of gratitude

信息不对称和外部性：information asymmetry and externality资源配置：allocation of resourcesmarket failure:the inefficiency of allocation of resources, a result of the marketing monopolist and price distortion for nonpublic goods, or other factors for public goods as well as information asymmetry and externality, directly causes the non-availablity of zero opportunity cost for configured state.

For non-public products, due to the market monopolies and price distortion, or for public products, due to several reasons such as information asymmetry and externalities, it leads to an inefficient allocation of resources. Hence, it will fail to realise the zero opportunity cost for allocation of resources.下面是国外网站对于Market Failure的定义，你也可以参考WIKIPEDIA。An economic term that encompasses a situation where, in any given market, the quantity of a product demanded by consumers does not equate to the quantity supplied by suppliers. This is a direct result of a lack of certain economically ideal factors, which prevents equilibrium. Market failures have negative effects on the economy because an optimal allocation of resources is not attained. In other words, the social costs of producing the good or service (all of the opportunity costs of the input resources used in its creation) are not minimized, and this results in a waste of some resources.