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Choose any two (2) real-world examples to explain and illustrate the effects on economic efficiency and on welfare of government regulations, price controls, taxes, subsidies
Choose any two (2) real-world examples to explain and illustrate the effects on economic efficiency and on welfare of government regulations, price controls, taxes, subsidies or tariffs. Your answer should include relevant economic models, and the concepts of consumer surplus and producer surplus should be included in your analysis
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