Question
Government intervention in markets is often justified on the basis of market failure ie. the inability of unregulated markets to produce the socially efficient outcome.
Government intervention in markets is often justified on the basis of market failure ie. the inability of unregulated markets to produce the socially efficient outcome. Can you think of two reasons why the market for health care might be especially susceptible to market failure?
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Government and Not for Profit Accounting Concepts and Practices
Authors: Michael Granof, Saleha Khumawala, Thad Calabrese, Daniel Smith
7th edition
1118983270, 978-1119175025, 111917502X, 978-1119175001, 978-1118983270
