BCOR 3010 Class #9 - Market Failures (1)

BCOR 3010 Class #9 - Market Failures (1) - BCOR 3010...

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Click to edit Master subtitle style BCOR 3010 Class #9: “Market Failures:” Why Do We Constrain Businesses with Government Action?
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Outline Income Distribution: That Equality Thing Again The Traditional “Market Failures”: A Short Return to Our Friends at Wal-Mart 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.
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Income Distribution: That Equality Thing Again
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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?
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We look to the government to regulate business behaviors that work to society’s detriment. The government is one source to address market failures —to make it in business’ interest not to act in a way that works to the detriment of society.
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The government has a vast array of
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BCOR 3010 Class #9 - Market Failures (1) - BCOR 3010...

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