BCOR%203010%20Class%209

BCOR%203010%20Class%209 - BCOR3010 Class #9: "Market...

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BCOR3010 Class #9: “Market Failures:” Why Do We Constrain Business Decision Making with Government Action?
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Market Failures:” Looking to the Government to Alter the Outcomes of Pure Self-Interest Income Distribution: That Equality Thing Again The Traditional “Market Failures”: A Short Return to Our Friends at Wal-Mart Monopolies Externalities and the Tragedy of the Commons Public Goods Information Limitations A Summary of the Arguments in Favor of Government Involvement in the Free Market: A Look Back at Merck and Vioxx and the Tobacco Companies Case. 2
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How government activities affect income distribution Income = wages paid X hours you work + interest X capital 3
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The Government to the Rescue: Things to Consider What, if anything, is wrong with allowing business in all circumstances to pursue its own interests unregulated? What are the deficiencies in a pure system of unregulated markets? We look to the government to regulate business behaviors that
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This note was uploaded on 04/22/2008 for the course BCOR 3010 taught by Professor None during the Spring '07 term at Colorado.

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BCOR%203010%20Class%209 - BCOR3010 Class #9: "Market...

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