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Concentrate on two distinct chapters

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To get you started concentrate on two distinct chapters in the Schiller textbook. See chapter 4 for an analysis of the problems of individual markets. See chapter 10 for an analysis of problems in the aggregation of markets.

  • Identify and summarize the dynamics involved in both kinds of market failure presented.
  • How are these different economic breakdowns similar and different?
  • Using your knowledge from all of the textbook chapters, what are the best ways to solve these economic problems and why?

Reference no: EM131326395

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