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8. Since the 1990s, economic theory came to grips with the problems of imperfect information. Nobel laureates Stiglitz and Krugman worked in this field. a)

8. Since the 1990s, economic theory came to grips with the problems of imperfect information. Nobel laureates Stiglitz and Krugman worked in this field. a) How might imperfect information cause a market failure? b) Outline a possible solution

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