=+There are also situations in which government intervention can improve economic efficiency. Examples are externalities and cases

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=+There are also situations in which government intervention can improve economic efficiency. Examples are externalities and cases of market failure. These situations, and the way government can respond to them, are discussed in Chapters 17 and 18.

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Microeconomics

ISBN: 9780134184241

9th Edition

Authors: Robert Pindyck, Daniel Rubinfeld

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