Government
Intervention
1.2.6 Government intervention a) Government policy to deal with externalities: • taxation • subsidies • fines • regulation • pollution permits. b) Advantages and disadvantages of each government policy. c) Government regulation of competition to: • promote competition • limit monopoly power • protect consumer interests • control mergers and takeovers. d) Government intervention in the labour market: • reasons for minimum wage • advantages and disadvantages of minimum wage • the use of diagrams to show impact of the introduction of a min
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