Public Economics

Briefly explain in what way markets can fail and what kind of activities should be performed by the state to address these inefficiencies.

Public Sector Economics Answer both questions. The answers should be 750 words for each question. Provide correct citations for each resource where the examples are coming from. Question 1 Government intervention in a market economy is justified by market failure. Briefly explain in what way markets can fail and what kind of activities should be […]

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