Describe the major tools and criteria for decision making. Use the chart below to answer the following two questions: 
-What is the slope of the sales function D = a - bP?
Definitions:
Market Failures
Situations where markets do not allocate resources efficiently on their own, leading to a loss of economic welfare.
Government Role
The activities undertaken by a government to regulate and administer economic, social, and political affairs.
Market System
An economic system in which decisions regarding investment, production, and distribution are based on supply and demand, and prices of goods and services are determined in a free price system.
Allocation of Resources
The distribution of scarce resources among various uses or people within an economy.
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