• I need help understanding these questions or how to start them. I've read the chapters but have not found where the answer is located. Whattoolsare available to thegovernmentto correct a market failure? Provide examples from the textbook.
• How does government intervention affect thesupply and demand equilibrium? Refer to the simulation game to explain your answers.
• Which government interventions cause aconsumer or producer surplus, and how? Provide examples from the textbook.

I know that there are market failures caused by negative or positive externalities, lack of supply, abuse of power, environmental, but what are the tools? Taxation, regulation? Can you help me get on the right track for these questions?