How suitable are legal restrictions in the following cases? (a) Ensuring adequate vehicle safety (e.g. tyres with

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How suitable are legal restrictions in the following cases?

(a) Ensuring adequate vehicle safety (e.g. tyres with sufficient tread or roadworthy vehicles).

(b) Reducing traffic congestion.

(c) Preventing the use of monopoly power.

(d) Ensuring that mergers are in the public interest.

(e) Ensuring that firms charge a price equal to marginal cost.

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Essential Economics For Business

ISBN: 9781292728940

7th Edition

Authors: John Sloman, Elizabeth Jones

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Question Posted: Mar 24, 2024 08:00 AM

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How suitable are legal restrictions in the following cases? (a) Ensuring adequate vehicle safety (e.g. tyres with

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a Very suitable provided that periodic tests and possibly spot checks are carried out b ...View the full answer

Essential Economics For Business

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