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This week we will overview the secondary effects of government intervention. In general, what happens when the government intervenes? Is it necessary a bad thing?

This week we will overview the secondary effects of government intervention.

  • In general, what happens when the government intervenes? Is it necessary a bad thing? Make sure that you reference justifications for government intervention - e.g., externalities, monopoly power, asymmetric information, and public goods. Define each and elaborate with specific examples.

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