5. Which of the following public sector actions are designed primarily to correct market failure: (a) laws
Question:
5. Which of the following public sector actions are designed primarily to correct
"market failure":
(a) laws against fraud,
(b) truth-in-lending legislation,
(c) rate regulation in the telephone industry, (d} legislation setting emission controls standards,
(e) subsidization of pure research,
(f) operation of the Post Office? Explain your answer.
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Related Book For
Economics Private And Public Choice
ISBN: 9780123110404
2nd Edition
Authors: James D Gwartney; Richard Stroup; A H Studenmund
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