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Author Question: What is market failure'? Explain one way in which government can help overcome such failure. What ... (Read 150 times)

faduma

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on: Jun 30, 2018
What is market failure'? Explain one way in which government can help overcome such failure.
 
  What will be an ideal response?

Question 2

Which idea about development was constructed with developing countries in mind?
 
  a. Harrod-Domar model
  b. New Growth theory
  c. Neoclassical growth model
  d. Lewis labor-surplus model
  e. All of the above


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Galvarado142

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Reply #1 on: Jun 30, 2018
Answer to Question 1

Market failure is defined in the text. The student may choose from among ways to overcome market failure such as providing information, regulating monopoly, providing public goods, etc.

Answer to Question 2

D


faduma

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

strudel15

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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