Explain whether each of the following government activities is motivated by a concern about equity or a concern about efficiency. In the case of efficiency, discuss the type of market failure...

Explain whether each of the following government activities

is motivated by a concern about equity or a concern about

efficiency. In the case of efficiency, discuss the type of

market failure involved.

a. Regulating gas prices.

b. Regulating advertising.

c. Providing students with vouchers that can be used to

buy university education.