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AP Microeconomics - When Markets Fail
Source: Council for Economic Education (EconEdLink) | Type: Lesson

This lesson supports the Market Failure and the Role of Government section of the Advanced Placement Microeconomics curriculum. Students need to understand the conditions under which a competitive market fails to produce the socially-optimal quantity of a good or service.They also need to know what steps a government can take to correct a negative externality. This lesson appears as Lesson 2 in Unit 5: The Role of Government in CEE's [EEL-link id='5227' title='Advanced Placement Microeconomics (4th Edition)' ].




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