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Elbaum and Wilensky (2007) described ways in which the government can intervene to promote equity and efficiency when the market fails. You will apply your knowledge of the various economic principles-such as market failure, supply and demand, or the concept of public goods-described in your textbook to the tasks in this assignment.
Identify and describe at least two economic concepts stated by Teitelbaum and Wilensky. Apply these economic concepts by demonstrating how the government can intervene to solve the health policy problem
Assignment 1. Develop a 6-slide presentation in PowerPoint format. Apply APA standards to citation of sources.
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The differences of health care market from other markets are specified first to provide context for the possible impacts of market failure that is discussed next. Then the different intervention strategies are evaluated in the context of the health care service.
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