1. What is meant by market failure? What is the potential role of government in each instance of market failure found in the health care sector? 2. In what sense can information and redistribution be...

1. What is meant by market failure? What is the potential role of government in each instance of market failure found in the health care sector?

2. In what sense can information and redistribution be thought of as public goods? Explain whether private markets will oversupply or undersupply these goods.