Explain why imperfect information can lead to market failure. Explain how the market can solve the problem of imperfect information. Under what circumstances may it be more efficient for the government to produce information instead of relying on the market?

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The Answer of Explain why imperfect information can lead to market failure. Explain how the market can solve the problem of imperfect information. Under what circumstances may it be more efficient for the government to produce information instead of relying on the market?

Explain Why Imperfect Information Can Lead to Market Failure