Market Failures

  Description       These are types of Market Failure: A. Monopoly Power B. Negative Externalities C. Imperfect Information D. Public Goods Choosing one of these as your example write an essay of 1500 words in which you explain: (i) how your example is a form of market failure and the welfare losses that can result from it (60%) (ii) how govemment can intervene to address the market failure. (40%)