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A government failure occurs when the government intervention in the market that was intended to correct a market failure actually makes the situation worse. Such a failure could occur for one or more of the following reasons. (1) Government doesn't have an incentive to correct the problem. (2) Government doesn't have enough information to deal with the problem. (3) The bureaucratic nature of government intervention does not allow fine-tuning.

Thoroughly discuss these reasons for government failure

Macroeconomics, Economics

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