If market failure is the necessary condition for government intervention, what market failure are the commodity program price and income support programs (price loss coverage in the 2014 bill), or subsidized crop and revenue insurance programs in the Farm Bill addressing? List at least two problems that supporting crop incomes addresses and explain which kind of market failure each of those problems represents. In homework 1 I wanted to know what goal we were addressing. Now I want to know why it should be addressed by the government, as opposed to the private sector, by telling me a market failure that is being addressed