Q1) How can inefficiency occur in a perfectly competitive market?
Q2. Why are imperfectly competitive markets inefficient?
Q3. Where does exchange occur in an unregulated market?
Q4. Describe the differences between public and private goods and how they impact market inefficiency.
What are the causes of and ways to measure wealth and income inequality?
Q5. What is the goal of government intervention in an inefficient market?
Q6. What are the causes of externalities?