Distinguish between market failure and government failure


Problem

Distinguish between market failure and government failure. Does rent-seeking behavior occur only as a result of government failure? Explain your answer? What are some of the difficulties associated with the establishment of

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: Distinguish between market failure and government failure
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