Posted: November 14th, 2015

Article on the Role of Government

Article  on the Role of Government

Find an article related to a real world market failure. Identify the type of market

failure. The question is it a problem of negative extrnalities, positive

externalities, public good, or common resources?

1- Explain how government action can improve economic effciency.

2- Graph the market failure and explain the problem.

3- Show how government action will change the situation.

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