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I need help with these steps for this project. I do not understand all the requirements In your submission, remember to include the images of
I need help with these steps for this project. I do not understand all the requirements
In your submission, remember to include the images of your simulation reports. See the How to Submit a Simulation Report Image document for more information. Then, reflect on the decisions you made in the simulation andaddress the following government intervention optionsin your submission:
- Government Tools: Discusstoolsavailable to thegovernmentto correct a market failure. Provide examples from the textbook.
- Supply and Demand Equilibrium: Describe how government intervention affects thesupply and demand equilibrium. Refer to the simulation game to explain your responses.
- Consumer or Producer Surplus: Specify which government interventions cause aconsumer or producer surplus. Explain how they impact consumer or produce surplus. Provide examples from the textbook.
Guidelines for Submission
Submit your assignment as a 1- to 2-pag
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