Using the material provided please answer 2 questions. Each answer has to be 200 words. Please include citations, APA format 1. Explain the difference between government failure and market failure. Discuss the role of government in a market economy to address market failure. 2. Economic efficiency is how economists assess the desirability of outcomes. Discuss the two requirements for efficiency in a market economy.

Date Posted: 27/01/2018

Category: Economics
Due Date: 27/01/2018

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