Microeconomics,, 16th Canadian Edition

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  1. 3 Market Failures 382
    Market Power 383
    Externalities 383
    Non-Rivalrous and Non-Excludable Goods 386
    Asymmetric Information 390
    Summary 391

  2. 4 Broader Social Goals 393
    Income Distribution 393
    Preferences for Public Provision 394
    Protecting Individuals from Others 395
    Paternalism 395
    Social Responsibility 396
    A General Principle 396

  3. 5 Government Intervention 396
    The Tools of Government Intervention 397
    The Costs of Government Intervention 398
    Government Failure 399
    How Much Should Government Intervene? 401


Summary 402


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