Suppose that it is the en

Suppose that it is the en

Suppose that it is the end of February, the day before the midterm. You have a friend who has blown off the course entirely, knows nothing, but must take the exam on the morrow. It is your task to explain to them at least 2 ways markets can fail to be optimal societal mechanisms for guiding production and distribution decisions. Use graphs and make arguments to try to equip your friend to pass the exam.Be precise and specific.

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