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Policies to achieve efficient resource allocation and correct market failure

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Dominic C. 5.0 (3)

University of Edinburgh - MA Economics and Politics

Available for one-off or weekly lessons to prepare for upcoming exams.

£40 / hour
    Approaching end of year exams? Keen to recap everything you learnt in Year 12? Check out our 2-day online AS-level Economics Recap Course on 25-26th May. Book now!

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    Application of indirect taxes to correct negative production externalities

    This video explains how the government uses indirect taxation to correct the market failure that arises from negative production externalities.

    Application of subsidies to correct market failure

    This video explains how subsidies can be used to the correct market failure associated with positive production externalities and positive consumption externalities.

    Pollution permits

    This video explains how governments can use pollution permits to address the negative externalities of production.

    Prohibitions and licenses

    This video explains how governments use prohibitions and licenses to regulate markets.

    Price and output decisions under nationalization and privatization

    This video explains how price and output vary under nationalization and privatization.

    Property rights

    This video explains how property rights can influence the allocation of economic resources.


    This video explains how the provision of information can help consumers make more optimal economic decisions.

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