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1. Define with examples the following market distortions and describe how the government controls each distortion. a.Holdout b.Negative externalities c.Incomplete information d.Uncertainty of residential values

1. Define with examples the following market distortions and describe how the government controls each distortion.

a.Holdout

b.Negative externalities

c.Incomplete information

d.Uncertainty of residential values

1.How would each of the following players expect to generate returns from real estate properties?

a.Lender

b.Developer

c.Investor

d.Government

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