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What is meant by the term government failure in economics? Explain its causes. Describe free riding and public goods and illustrate why private firms cannot

What is meant by the term government failure in economics? Explain its causes.

Describe free riding and public goods and illustrate why private firms cannot normally produce public goods?

Identify what government set prices are and how they can cause surpluses and shortages?

long explaination for all questions.

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