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Explain the efficiency implications of such a policy

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Reference no: EM13914468

a. Describe a real-world government policy that creates a market surplus. Be sure to carefully define the relevant market.

b. Explain the efficiency implications of such a policy. Be specific.

c. In the instance you have described, what is the government's motivation for intervening in the market in this way?

Reference no: EM13914468

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