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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.
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.
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.