Specific market-failure justification
What is the specific market-failure justification for government spending on (a) public universities, (b) health care, (c) trash pickup, (d) highways, (e) police? would a purely private economy produce any of these services?
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Beranek Corp. has $410,000 of assets, and it uses no debt-it is financed only with common equity. The new CFO wants to employ enough debt to bring the debt/assets ratio to 40%, using the proceeds from the borrowing to buy back common stock at its
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