The government addresses a Positive externality type of market failure when it offers K-12 education because educated children bring an external benefit to society.
When the mere production of a good or service results in a benefit for a society as a whole, an individual, or another business or government organization, this is known as positive externalities of production.
The government funds K-12 education because educated students help society externally; this is known as a positive externality.
Therefore, the positive externality is market failure that provide an external benefit to society.
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