How government action can improve economic efficiency, Microeconomics

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How government action can improve economic efficiency

Problem

Find an article in a recent newspaper or magazine that illustrates market failure. Read the article and then answer the questions below.

a) Identify the type of market failure. Is it a problem of negative externalities, positive externalities, public goods, or common resources?

b) Explain how government action can improve economic efficiency.

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Microeconomics: How government action can improve economic efficiency

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Microeconomics: How government action can improve economic efficiency

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