This is a class question that needs to be answer with at least 150 words. I would like it explain in your own words, but if not please cite-in-text with reference. No PlagiarismMarket failures occur whenever a free market outcome leads to socially undesirable results. Any time such undesirable outcome occurs government can intervene in the market to correct these issues and improve the market outcome. Government intervention does not always correct these problems due to the politics of such intervention; sometimes these intervention create additional problems which we call government failures. Thanks.Class – Any thoughts or comments? Any examples of such failures?
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