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Market Mechanism, Market Failure and government intervention
4.1.8.8 Public ownership ,privatisation, regulation
Arguments for and against the regulation of markets
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Cards (4)
Advantages for regulation:
Protect
consumers
increased
competition
Advantages for
regulation
:
Protect consumers
increased competition
Disadvantages against regulation
Increased costs
Unintended consequences
Disadvantages against
regulation
Increased costs
Unintended consequences