Discussing a group assignment related to market failure

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Reference no: EM133267151

Assignment:

A friend of yours overheard you discussing a group assignment related to market failure and the role of government. He does not understand why market failure happens and why it should be a key topic in macroeconomics. He also has no clue on what are the key macroeconomic variables or what governments can do to prevent market failure. Complete an essay in which you detail to him the main points to improve his understanding of these matters.

Reference no: EM133267151

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