Question
What are the ways a market could fail? What are the government's rationales for intervening? To answer these questions, we will focus on the three
What are the ways a market could fail? What are the government's rationales for intervening?
To answer these questions, we will focus on the three (3) main reasons below.
- Imperfect Competition
- Imperfect Information
- Externalities
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Economics of Money Banking and Financial Markets
Authors: Frederic S. Mishkin
12th edition
134733821, 134733827, 9780134734507 , 978-0134733821
