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nlecture14 - government

nlecture14 - government - Topic 6 Competitive Markets(3...

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Topic 6: Competitive Markets (3) Government intervention USC Marshall
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Government intervention If markets are competitive, they generate the most efficient outcome. So when and why do/should governments intervene in the functioning of markets? Positive: • Externalities, public goods • Imperfect competition Normative: E it • Equity “negative” t USC Marshall • capture
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