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Match each word with the correct description. Prompt 1Government failure Answer for prompt 1 Government failure Prompt 2Negative externality Answer for prompt 2 Negative externality
Match each word with the correct description. Prompt 1Government failure Answer for prompt 1 Government failure Prompt 2Negative externality Answer for prompt 2 Negative externality Prompt 3Positive externality Answer for prompt 3 Positive externality Prompt 4Market failure (Answer Choices: Occurs when the cost of solving a market failure is greater than the benefit, Occurs when individuals with no control over the creation of a cost have to pay the cost, Occurs when the force of supply and demand yields results that society finds undesirable, Occurs when individuals receive a benefit that they had no part in creating)
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