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Managerial Economics For Dummies
book

Managerial Economics For Dummies

by Robert J. Graham
March 2013
Beginner content levelBeginner
384 pages
8h 51m
English
For Dummies
Content preview from Managerial Economics For Dummies

Chapter 18

Rules, Rules Everywhere: Government and Managerial Decision-Making

In This Chapter

arrow Including externalities

arrow Getting something for nothing as a free rider

arrow Using government to provide goods

arrow Eliminating monopoly efficiency

arrow Regulating or preventing collusion

arrow Providing information equality

arrow Restricting foreign competition

The United States relies primarily upon a system of markets and prices for resource and commodity allocation. But remember, markets are a means, not an end. Ultimately, the goal is to produce as much stuff as possible with those resources. In some instances, markets don’t work very well at producing and allocating stuff. In these instances, government can step in to improve the situation. The purpose of government intervention isn’t to preserve competition, but ...

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Publisher Resources

ISBN: 9781118412060Purchase book