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Choose one or more concepts in each chapter, explain the concept and show how you would apply the concept to your life or current event.

Choose one or more concepts in each chapter, explain the concept and show how you would apply the concept to your life or current event.Ch 4 Market Failures: Public Goods and ExternalitiesCh 5 Government’s Role and Government FailureCh 6 ElasticityPlease follow directions in the announcement. Keep your posting and messages in this laulima course. Do not send a copy of your forum posting to my email.Thank-you.In the FAQ (Content Discussion), chapter summaries should be avoided in these write-ups.Find something of interest within each the chapter and apply it within the forums. You can write a theoretical application of what you have learned.Chapter summaries should be avoided in these write-ups.