That is held to result when the market suffers from inadequate or inaccurate information delivery, inadequate or insufficient competition, principal-agent problems (where agents fail to represent the interests of their principals), and externalities (where market actors fail to bear the costs of their actions or choices), among other problems.
First, there are informational asymmetries in the higher education market which violate the assumption of full information that economists make when discussing perfect competition.
Marketcompetition can shape fishing practices to make them more ethical and fair only if information is permitted to flow freely to those with the power to use it.