Microeconomics (Christopher T.S. Ragan) (z-lib.org)

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16.5 Government Intervention Since markets sometimes do fail, and since even efficient markets produce some undesirable outcomes ...

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decisions are made. By narrowing the range of things that must be determined by informal judgment, cost-benefit analysis can sti ...

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Public Provision National defence, the criminal justice system, public schools, universities, the highway system, and national ...

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failure that we have discussed in this chapter; it applies at some level to virtually all spheres of modern economic life. ...

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The Costs of Government Intervention Consider the following argument: The market system produces some particular outcome that is ...

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who are employed by the Competition Bureau, and the educators who retrain displaced workers. Similarly, when government inspecto ...

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Government safety and emissions standards for cars raise the costs of both producing and operating cars. Environmental policies ...

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Indirect costs of government intervention are substantial but difficult to measure and are usually dispersed across a large numb ...

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Private firms and special-interest groups often lobby governments for policies in their own interest but at the expense of the p ...

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