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Outline, with reasons, which form(s) of government intervention may be appropriate to address each of the following scenarios: In a particular luxury goods market,

Outline, with reasons, which form(s) of government intervention may be appropriate to address each of the following scenarios: In a particular luxury goods market, firms are charging a price which significantly exceeds the marginal cost A regional city has an airport which is predominately serviced by two rival airlines; these airlines are proposing a merger A social survey has shown a marked increase in the use of tobacco products by people in the 12-16 age category [3]

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Reasons for Government Intervention in the Economy There are many reasons why the government might intervene in the economy They may do so in order to promote fair competition or prevent monopolies Th... blur-text-image

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