Discuss what types of markets you believe the gov't should intervene in due to market failure caused by market power. Identify and cite at least TWO types of specific government regulations that have contributed to moving a market towards social efficiency. Then, identify and cite TWO government regulations that have caused more harm than good due to government failure. You may subsitute regulations that you believe need to be implemented that would contribute to making a market more efficient.

The following economist argues that government failure is generally worse than market failure and in most cases society would be better off if the government did nothing more than protect private property rights:http://econfaculty.gmu.edu/bcaplan/compet