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Share the answer asap 2. What is Market efficiency and explain whether this is the only goal of policy makers (government). Also, explain the two

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2. What is Market efficiency and explain whether this is the only goal of policy makers (government). Also, explain the two types of market failures and explain why each market failure can cause market outcome to be inefficient. Also, explain how buyer's willingness to pay, consumer surplus and the demand curve are related. Explain your answer with diagram and in context to consumer 1, consumer 2 and consumer 3 at different price levels *

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