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Government intervention (cures of market failure) - Coggle Diagram
Government intervention
(cures of market failure)
market-based policies
Taxes
production tax
pollution tax
Subsidies
Tradable permits
Grants and vouchers
Command policies
Direct provision
free direct provision
Direct provision of merit goods
Regulation
imposition of standards
laws that command use of particular methods
limit sale / use of certain goods at certain time/places
total ban
Quotas
laws that regulate the quality that producers have to meet
other policies
public education