Lecture Managerial economics (8e): Chapter 11 - Samuelson, Marks
Lecture Managerial economics (8e): Chapter 11 - Samuelson, Marks
Chapter 11 - Regulation, public goods, and benefit-cost analysis. This chapter focuses on the microeconomic function of government. In this sphere, the government has two main roles: to regulate private markets by providing basic rules and correcting for market failures that would otherwise result in inefficient production or consumption, and to provide certain desirable public goods and services that are not, or cannot be, provided via private markets.