When we look to the future, if the government isn’t allowing the market to work, sometimes technological innovation offers a way around government interference. If in the future, we can collect water cheaply by ourselves (by reusing water inside our homes, catching water from the atmosphere, or by desalinating cheaply.) perhaps the government's provision of water will become less important. what market failure can explain this?

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As the global population hurtles towards 97 billion people by 2050 it has never been more important ... View the full answer