5. Which of the following public sector actions are designed primarily to correct market failure: (a) laws

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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  book-img-for-question

Economics Private And Public Choice

ISBN: 9780123110404

2nd Edition

Authors: James D Gwartney; Richard Stroup; A H Studenmund

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