Premium content available for purchase is identified in the left-hand Navigation Menu by the asterisk (*) which precedes the content name. Premium Content on this OLC includes:

1. Digital Study Guide, written by William Walstad
2. Paul Solman Videos (Chapter Content)

After reading this chapter, you should be able to:

1. Describe how information failures may justify government intervention in some markets.
2. Explain the difficulties of conveying economic preferences through majority voting.
3. Discuss "government failure" and explain why it happens.