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ECO 2017A Assignment 3 (7.5% of the final grade) Due date: November 25 at 8:30 a.m. Answer the following questions: 1. What is meant by the term

Answer the following questions:

1.What is meant by the term technological spillover?

2.Explain what is meant by the term coordination failure and provide an example.

3.Is a coordination failure a type of market failure? Explain.

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