Chapter 18
Rules, Rules Everywhere: Government and Managerial Decision-Making
In This Chapter
Including externalities
Getting something for nothing as a free rider
Using government to provide goods
Eliminating monopoly efficiency
Regulating or preventing collusion
Providing information equality
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 ...