Explain the measures used by the government to correct each of the following sources of market failure : (i) demerit goods (ii) Negative externality Explain the concept of market failure.
Explain the measures used by the government to correct each of the following sources of market failure : (i) demerit goods (ii) Negative externality Explain the concept of market failure.
Chapter4: Markets In Action
Section: Chapter Questions
Problem 20SQ
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Explain the measures used by the government to correct each of the following sources
of market failure :
(i) demerit goods
(ii) Negative externality
Explain the concept of market failure.
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