b. 2. Technological Improvement
c. 3. Policies to Encourage Investment
3. Long-Run Trends in the Capital Market
H. Summary
- 15.1 A Brief Overview of the Capital Market LO 1
- 15.2 Present Value LO 2
- 15.3 The Demand for Capital LO 3
- 15.4 The Supply of Capital LO 4
- 15.5 Equilibrium in the Capital Market LO 5
 I. Key Concepts
 J. Study Exercises
- Fill-in-the-Blank
- Review
- Problems
- 16 Market Failures and Government Intervention
 A. Chapter Outline
 B. Learning Objectives (LO)
 C. 16.1 Basic Functions of Government
 D. 16.2 The Case for Free Markets
- Automatic Coordination
- Innovation and Growth
- Decentralization of Power
 E. 16.3 Market Failures
- Market Power
- Externalities
- Non-Rivalrous and Non-Excludable Goods
 a. Private Goods
