Why do economists generally prefer “market-based†policies to
“command-and-control†(regulatory) policies to deal with “market
failures�
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Economics
Why do economists generally prefer “market-based†policies to“command-and-control†(regulatory) policies to deal with “marketfailures�
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Economists prefer marketbased policies like taxes subsidiesetc because it helps the firms to internalize the external costs and benefits in the case when market failure arises due to
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