TOPIC 3: MARKETS
Alternatives to market solutions – the role of government
- ceiling prices, floor prices
- market failure – merit goods, public goods, externalities
The Role of Government
READ: Government intervention in the market (tutor2u)
WATCH: Price Floors and Price Ceilings (YouTube clip by mjmfoodie)
WATCH: Price Floors and Price Ceilings (YouTube clip by mjmfoodie)