Question: Identify two or three forms of market failure that affect you, such as a negative or positive externality, a public good provided by a local

Identify two or three forms of market failure that affect you, such as a negative or positive externality, a public good provided by a local government, or asymmetric information about the safety of consumer products you purchase

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The quality of the argumentation

The status rule: We tend to have more confidence in information presented by someone who has a relatively high status and rank in society than by someone who hasnt.

The spatial rule: The closer spatial proximity we have to an event, the more importance we will attach to it.