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There's 2 parts in this question Question 3 - This question has 2 parts (4+6 = 10 marks) 00 a) What is market failure? Give

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Question 3 - This question has 2 parts (4+6 = 10 marks) 00 a) What is market failure? Give one example of a market failure and explain why it is a market failure. (4 marks) B E 4 b) How can government intervention correct a market failure? Use one example to explain your answer. (6 marks) swered

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