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Managerial Economics For Dummies by Robert J. Graham

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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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