How do market failures provide important rationales for collective interference with individual choices?

Posted: February 14th, 2022

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Use three scholarly articles in addition to chapter 5 in Weimer, David, and Aidan Vining. Policy Analysis: Concepts and Practice. 6th ed. New York: Routledge, 2017. ISBN: 9781138216518.
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Answer the following: How do market failures provide important rationales for collective interference with individual choices?  Why is it important to understand the basic market failures and other limitations of a competitive framework, for the purposes of framing and modeling policy problems?

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