Problem
1. (Sole Proprietorships) What are the disadvantages of the sole proprietorship form of business?
2. (Government) Often it is said that government is necessary when private markets fail to work effectively and fairly. Based on your reading of the text, discuss how private markets might break down.
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.