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swimchk13 swimchk13
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A year ago
Government intervention in an effort to promote allocative efficiency in all industries would likely impose a cost in terms of economic growth. One explanation for this is that

▸ firms in perfectly competitive industries that are already allocatively efficient would also be affected by the intervention and become inefficient.

▸ some policies to promote allocative efficiency will lead to increased income inequality.

▸ correcting externalities inevitably reduces the economy's growth rate.

▸ much of the innovation and productivity growth that leads to economic growth comes from oligopolistic firms.

▸ some policies to promote allocative efficiency will lead to decreased income inequality.
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Microeconomics

Microeconomics


Edition: 17th
Author:
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austsieraustsier
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A year ago
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swimchk13 Author
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A year ago
This calls for a celebration Person Raising Both Hands in Celebration
rudy.zondo
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Yesterday
Good timing, thanks!
Smair87
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2 hours ago
Thank you, thank you, thank you!
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