Problem
1. Present and defend your own favored approach to solving market failure in the case of a firm polluting neighboring wilderness areas.
2. Make a list of what you perceive as the top five priorities for government intervention (e.g., military strength, ending poverty, corporate welfare, the environment, and so on) starting with the most important, of the current leader and the previous leader of your nation. Apply cost-benefit analysis to the priority you feel your leader holds the highest. That is, are the marginal benefits higher than the marginal costs of government efforts in that area? Would an alternative prioritization increase social welfare? Then list the top five priorities for government intervention that you would choose if you were the nation's leader.
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.