ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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explain whether there has been a market failure, what type of failure, and what measures might solve it,
You should consider:
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the advantages and disadvantages of any solution
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whether doing nothing might be the best solution
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the concept of efficiency
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anything else you think important.
A local factory is using a river for cooling, but this reduces the amount of wildlife in the river. The river is not owned privately.
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