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What is a market failure? What are the major reasons that a free, unregulated market in medical care might not be optimal? Explain how market

  1. What is a market failure? What are the major reasons that a free, unregulated market in medical care might not be optimal?
  2. Explain how market failure can be used to justify government intervention in medical care markets?

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Intermediate Microeconomics

Intermediate Microeconomics

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978-0393123968

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