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.
Personal Payoff Unit Price Cost Nuisance (per unit) 1 $4.68 $1,70 $0.13 $2.85 2 $3.90 $3.33 $0.13 $0.44 Total Nuisance caused by others -$0.80 Total $2.49 End of Game 83 12 00:00
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