This assignment is intended to help you learn to do the following:
Define what “market failure” means.
Explain why the market underproduces “public goods.”
Explain how externalities distort market outcomes.
Describe how market power prevents optimal outcomes.
Define what “government failure” is.
Review the section of your text that covers market failure and government failure. In addition, find and read two recent articles on this topic. Write a 500-750 word (approximately 2 to 3 page) paper that addresses these questions:
What are some examples of market failure and government failure?
What challenges do economies face in light of optimal allocation and public goods?
Support your conclusions with the findings from the articles and the textbook as well as any other sources you would like to use. Format the paper according to General APA Guidelines (Links to an external site.). You do not need to include an abstract but you must include a title page and a references page. These pages are not included in your word/page count.
Read the assignment rubric.
Write your paper according to the directions in the assignment overview.
Submit the completed first draft of your assignment. Your work will automatically be checked by Turnitin.
Access your Turnitin report by reviewing your Submission Details for this assignment. Revise your work as needed based on the feedback.
By the due date indicated, re-submit the final version of your work.
I attach sample paper so Please look into that and i went same kind paper ..That is sample paper teacher send us.
For more information on Analyzing Market Failure read this: https://en.wikipedia.org/wiki/Market_failure
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