Does market failure and distributional equity reasons

Reference no: EM133553830

Does market failure and distributional equity reasons provide enough justification for government intervention in the production and distribution of goods and services?

Directions

Discuss areas where government intervention is necessary and where the market fails to produce and allocate goods and services efficiently. Show the implication of market failure on equity and why government intervention can address equity concerns.

Reference no: EM133553830

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