After learning about market failures, George states: Any time the market outcome is Pareto inefficient; government intervention

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After learning about market failures, George states: "Any time the market outcome is Pareto inefficient; government intervention can make everyone better off, at least in principle." Do you agree? Why or why not? Would you agree with a qualified version of George's claim? If so, what qualifications would you add?
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Microeconomics

ISBN: 978-1118572276

5th edition

Authors: David Besanko, Ronald Braeutigam

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