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Assignment: Pick one market in which the price system does not produce an equitable price and quantity of output. In this market demonstrate which mode of market failure exists. Write a paper of 500 words minimum discussion with at least (2) sources cited in the MLA format. In your discussion be sure to address the following:
The following are some ideas to help you identify the type of market failure you’re your research paper assignment. Consult with your instructor if you are having trouble picking a topic.
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