Question: This chapter discusses many market failures, areas in which the invisible hand guides the economy poorly, and describes the role of government. Is it possible

This chapter discusses many "market failures," areas in which the invisible hand guides the economy poorly, and describes the role of government. Is it possible that there are, as well, "government failures," government attempts to curb market failures that are worse than the original market failures? Think of some examples of government failures. Give some examples in which government failures are so bad that it is better to live with the market failures than to try to correct them.

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