2) A large part of a governments role in the economy is correcting market failures. In each...
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Question:
2) A large part of a governments role in the economy is correcting market failures. In each of the following examples, what is the market failure being corrected? For each one, explain why this is a market failure anyhow the government is correcting it.
A) Subsidizing a regional bus system
B) Inspecting meat-processing facilities
C) Offering free or subsidized public education
D)Maintaining a Military force
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