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Markets and government both allocate scarce resources

Markets and government both allocate scarce resources. Please explain how government adjusts market outcomes though subsidies and whether Pareto efficiencies are achieved. Discuss the role of subsidies in the Affordable Care Act as explained in the assigned article "How Millionaires Get Obamacare Subsidies Intended to Aid the Poor" by Managan.

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Microeconomics: Markets and government both allocate scarce resources

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Microeconomics: Markets and government both allocate scarce resources

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