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Government Tools : Discuss tools available to the government to correct a market failure. Provide examples from the textbook. Supply and Demand Equilibrium : Describe
- Government Tools: Discuss tools available to the government to correct a market failure. Provide examples from the textbook.
- Supply and Demand Equilibrium: Describe how government intervention affects the supply and demand equilibrium. Refer to the simulation game to explain your responses.
- Consumer or Producer Surplus: Specify which government interventions cause a consumer or producer surplus. Explain how they impact consumer or produce surplus. Provide examples from the textbook.
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