Question

In general, what are some of the tactics the government uses to correct market failures:

Answer 1

Answer:

To overcome market failure, the government can use various policies. For example, to reduce consumption of demerit goods, they can increase taxes.

To overcome market failure, the government can use various policies. For example, to reduce consumption of demerit goods, they can increase taxes....

To overcome market failure, the government can use various policies. For example, to reduce consumption of demerit goods, they can increase taxes....Labour market regulations

To overcome market failure, the government can use various policies. For example, to reduce consumption of demerit goods, they can increase taxes....Labour market regulationsMinimum wages.

To overcome market failure, the government can use various policies. For example, to reduce consumption of demerit goods, they can increase taxes....Labour market regulationsMinimum wages.Max working week.

To overcome market failure, the government can use various policies. For example, to reduce consumption of demerit goods, they can increase taxes....Labour market regulationsMinimum wages.Max working week.Trade unions.

To overcome market failure, the government can use various policies. For example, to reduce consumption of demerit goods, they can increase taxes....Labour market regulationsMinimum wages.Max working week.Trade unions.Discrimination legislation.