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Critically discuss the libertarian ideal that the primary role of the state is to protect individual freedom. Outline at least three kinds of market failure
Critically discuss the "libertarian ideal" that the primary role of the state is to protect individual freedom. Outline at least three kinds of "market failure" and explain, with examples, how governments can intervene to compensate for these failures, and how "government failures" sometimes result from these interventions
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Macroeconomics Principles Applications and Tools
Authors: Arthur O'Sullivan, Steven Sheffrin, Stephen Perez
9th edition
978-0134089027, 134089022, 978-0134420684
