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Economics

Government tools: discuss tools available to the government to correct a market failure and provide an example/examples.

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1. Government Tools: Discuss tools available to the government to correct a market failure and provide an example/examples.
2. Supply and Demand Equilibrium: Describe how government intervention affects the supply and demand equilibrium.
3. Consumer or Producer Surplus: Specify which government interventions cause a consumer or producer surplus. Explain how they impact consumer or produce surplus and provide an example/examples.

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