Question: minutes, UZseconds. Question Completion Status: QUESTION 6 10 points Save Answ Question 6 - Market failure, Public Goods, Role of Government [10 mark:] [a] Carefully

minutes, UZseconds. Question Completion Status: QUESTION 6 10 points Save Answ Question 6 - Market failure, Public Goods, Role of Government [10 mark:] [a] Carefully explain the terms 'non-rivalry and 'non-excludability', Provide an example of a good with both characteristics. (5 marks] [b] "Information asymmetry is detrimental for decision-making in the marketplace and is a market failure." Briefly explain why this is so. Then suggest a policy that is used to address this problem. (5 marks] For the toolbar, press ALT+F10 [PC] or ALT+FN+F10 [Mac)." B I US Paragraph Open Sans, Sa.. Vil 10pt Ev AV AV

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