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Market failures and imperfections -- Case Study -- Introduction -- Monopoly power -- Externalities -- Cost-benefit analysis -- Property rights -- Merit and demerit goods -- Public goods -- Factor immobility -- Price instability -- Imperfect information -- Inequality -- Government intervention -- Government failure -- Problems with financing intervention -- The theory of the second best -- Failures, imperfection, and managers -- Summary -- Checklist -- Short Answer Questions -- Discussion Questions -- One Step Further --
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