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mbell1189 mbell1189
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3 years ago
One way a government can eliminate a market failure

▸ is to regulate the price so that it equals marginal cost.

▸ is to implement a price floor equal to marginal cost.

▸ is to regulate the price so that it is below average cost.

▸ None of these solutions will eliminate a market failure.
Textbook 
Managerial Economics and Strategy

Managerial Economics and Strategy


Edition: 3rd
Authors:
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GalenDatGalenDat
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3 years ago
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mbell1189 Author
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3 years ago
this is exactly what I needed
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Thanks
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2 hours ago
You make an excellent tutor!
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