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Define market failure using Baye and Prince as your primary reference. Next, choose one example of a current market failure based on a recent article

Define market failure using Baye and Prince as your primary reference. Next, choose one example of a current market failure based on a recent article (within the last three months) from the financial press or a major newspaper.A few acceptable sources are The Wall Street Journal, The Financial Times, Bloomberg, The New York Times, The Washington Post, and the Los Angeles Times.Other similar sources are also good, but academic journal articles and websites are not ok. Finally, describe the market failure and what role the federal government could play in correcting the failure.

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