1 Is fairness the economic basis for government laws and 1. Is “fairness” the economic basis for…

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1 Is fairness the economic basis for government laws and
1. Is “fairness” the economic basis for government laws and regulations designed to remedy market failures? If so, why; if not, what is the economic basis?
2. Explain, using precise economic terminology, the economic rationale for laws against insider trading.

1 Is fairness the economic basis for government laws and