Provision supply

Why does the market’s incapacity to provide an optimal supply of public goods imply that the government must facilitate their provision or supply them directly?

Answer each of these questions in no more than a few paragraphs 1. Describe as precisely as you can: a) Some of the merits of perfect competition b) Some of the impediments to achieving perfect competition c) Some of the harms of imperfect competition 2. Why is the equality of price and marginal cost important? […]

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