Government Tools: Discuss tools available to the government to correct a market failure. Provide examples from the textbook.
Supply and Demand Equilibrium: Describe how government interview!on affects the supply and demand equilibrium.
Refer to the simulate!on game to explain your responses.Consumer or Producer Surplus: Specify which government intervention cause a consumer or producer surplus. Explain how they impact consumer or produce surplus. Provide examples from the textbook.
