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Managerial Economics and Strategy, 2/e
book

Managerial Economics and Strategy, 2/e

by Jeffrey M. Perloff, James A. Brander
February 2016
Beginner to intermediate content levelBeginner to intermediate
500 pages
33h 40m
English
Pearson
Content preview from Managerial Economics and Strategy, 2/e

16 Government and Business

If it moves, tax it. If it still moves, regulate it. If it stops moving, subsidize it.

—Ronald Reagan

Learning Objectives

  1. Explain why inefficiency in some markets provides a rationale for government intervention.

  2. Show the effects of direct government intervention in imperfectly competitive markets.

  3. Describe how antitrust laws and competition policies promote competition and reduce market failures.

  4. Explain the market failure effects of externalities and government responses to them.

  5. Show why open-access, club, and public goods cause market failures and how government responses help.

  6. Discuss why granting intellectual property rights promotes innovation.

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Publisher Resources

ISBN: 9780134472553