a) Explain why the existence of positive externalities in a market is a case of market failure.

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b) Using real-world examples, evaluate to what extent governments should intervene in the market for merit goods.

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Economics Course Book 2020

ISBN: 9781382004961

2020 Edition

Authors: Jocelyn Blink, Ian Dorton

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Question Posted: Feb 17, 2024 02:00 AM

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a) Explain why the existence of positive externalities in a market is a case of market failure.

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a The existence of positive externalities in a market leads to market failure bec...View the full answer

Economics Course Book 2020

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