What is the goverment resposibility towards market failures?
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Answered by
6
Heya....
See here for your answer...
==========
Market failures refer to the situations
,,, when the demand can't be full fill by the producers
,, when the producers output left as unsold...
In both conditions govt opted the policies to remove them...
In situation of excess demand...
Govt concern price ceiling ,, means set the maximum prices that can't be exceed chargeable to buyer to avoid their exploitation....
In situation of excess supply govt opted price floor, means purchase the output at minimum rates to induce the investment...
-- Be Brainly...
See here for your answer...
==========
Market failures refer to the situations
,,, when the demand can't be full fill by the producers
,, when the producers output left as unsold...
In both conditions govt opted the policies to remove them...
In situation of excess demand...
Govt concern price ceiling ,, means set the maximum prices that can't be exceed chargeable to buyer to avoid their exploitation....
In situation of excess supply govt opted price floor, means purchase the output at minimum rates to induce the investment...
-- Be Brainly...
Answered by
1
heya!!
here is your answer ⤵️⤵️
The responsibilities that Government should take towards maeket failures
govt. should concrete on price selling.
Govt. should Make sure that There should not be no middle man.
hope my answer helps you ✌
here is your answer ⤵️⤵️
The responsibilities that Government should take towards maeket failures
govt. should concrete on price selling.
Govt. should Make sure that There should not be no middle man.
hope my answer helps you ✌
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