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The market mechanism, market failure and government intervention in markets > Government failure > Flashcards

Government failure Flashcards

Study These Flashcards

The market mechanism, market failure and government intervention in markets (10 decks)

How markets and prices allocate resources

The meaning of market failure

Public goods, private goods and quasi-public goods

Positive and negative externalities in consumption and production

Merit and demerit goods

Market imperfections

Competition policy

Public ownership, privatisation, regulation and deregulation of markets

Government intervention in markets

Government failure

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