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Questions and Answers
What is the primary focus of public finance as explained in the text?
What is the primary focus of public finance as explained in the text?
Why is government intervention necessary according to the text?
Why is government intervention necessary according to the text?
What function does a market fulfill when prices accurately reflect real costs with no externalities?
What function does a market fulfill when prices accurately reflect real costs with no externalities?
Why might government intervention be required for public goods in the market?
Why might government intervention be required for public goods in the market?
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