Problem
1. List as many goods as you can think of that have substantial public good characteristics that are provided by the private sector. Try weather forecasts and television signals for starters.
2. State the two conditions for ideal economic efficiency. Give four reasons why an unregulated market mechanism may fail to attain these conditions of ideal economic efficiency. Give three reasons why government intervention may promote inefficiency.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.