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Question 3 (30 marks) John: Free market without government intervention is good to the society. Rene: I don't think so. Sometimes, it is necessary to

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Question 3 (30 marks) John: Free market without government intervention is good to the society. Rene: I don't think so. Sometimes, it is necessary to have government to intervene in the market in order to improve the well-beings of people in the society.

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