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According to Weimer and Vining (2017), market failures occur due to one of four reasons: public goods, externalities, natural monopolies, and information asymmetry (Martin et

"According to Weimer and Vining (2017), market failures occur due to one of four reasons: public goods, externalities, natural monopolies, and information asymmetry" (Martin et al., n.d., p. 36). Elaborate on the four reasons and compare/contrast public and private goods.

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