How do market failures provide rationales for collective interference with individual choices (public policy)?

How do market failures provide rationales for collective interference with individual choices (public policy)?
M​‌‍‍‍‌‍‌‍‍‍‌‌‌‍‌‌‌‌‌‌​UST FOLLOW ATTACHED INSTRUCTIONS: The student’s initial post/thread must consist of at least 750 words, thoroughly respond to each portion of the prompt, and demonstrate mastery of course content. In their main post/thread, students must ground their responses and lines of argumentation in the course readings with at least four U.S. scholarly (peer-reviewed) citations in Turabian format in-text citations. Additional, reputable academic titles and articles may also be invoked to answer prompts (esp. those in recommended reading list).
Fully respond to the following prompts. You will likely need to go well beyond the minimum word count req​‌‍‍‍‌‍‌‍‍‍‌‌‌‍‌‌‌‌‌‌​uirement.
• How do market failures provide rationales for collective interference with individual choices (public policy)?
• How do government failures provide rationale and justification for public policy?
• What are the foundational rationales that justify collective interference in your policy issue area of interest?
• Describe the basic steps to policy analysis. Evaluate the similarities and differences between the research design process and the policy analysis process.
• Describe how an outcomes matrix can help assess policy solutions. Provide example of how the outcome matrix has been used in a current, real-world ​‌‍‍‍‌‍‌‍‍‍‌‌‌‍‌‌‌‌‌‌​policy issue.

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