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4. Explain how the S-curve reflects the typical nature of complementarities?
4. Explain how the S-curve reflects the typical nature of complementarities? 5. Explain how the government can help the economy avoid a coordination failure. . 6. Is a coordination failure a type of market failure? Explain. . 7. Explain the basic idea behind the Big Push model? How can the O-ring theory help explain the existence of a low-level equilibrium that an economy may find itself in?