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Information goods, such as books and video games, have three central properties that can lead to market failures: a) They are characterized by scale economies

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Information goods, such as books and video games, have three central properties that can lead to market failures: a) They are characterized by scale economies. b) They exhibit experience good characteristics. c) They exhibit public good characteristics. i. Briefly explain each property. ii. Using a specific example, discuss existing solutions that address market failures that arise from these properties.