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For each of the following situations, the market system has failed and/or just will not allocate resources efficiently:
Situation 1: Firm A produces cement sifters. The process includes the melting of metals and chemicals which give the sifters strength. In the production process, waste is produced and released into the river that runs alongside of the plant.
Situation 2: Some states allow students to attend certain universities within the state tuition free if they are a resident of that state. As a result of this policy, the state's population is more educated and more productive in the workplace than many other states.
Using the scenarios above, prepare a 2 page Microsoft Word document that addresses 2 of the above scenarios and meets APA standards.
Include a summary section in your report that contains 5-7 bullet points identifying your major findings or conclusions of your paper.
Reference:Mankiw, N. G. ( 2017) Principles of Economics 8th Edition, Cengage.
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The assignment is depicting two situations where the externality issues are addressed. The first scenario depicts negative production externality where as scenario 2 depicts the positive consumption externality. Both the situation is thorough analyzed with summary and conclusions. References are made in APA style.
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This assignment is regarding micro economics and the write seems quite experienced as my tutor is quite impressed by my submitted solution and I got grade A for the same...
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