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2.10.3 Government intervention to address market failure

Topic 2.10.3 - Government intervention to address market failure This section of the Cambridge IGCSE Economics (0455) syllabus covers the following learning outcomes: 1. Maximum prices in product markets One form of government intervention used to correct market failures is the use of maximum prices. A maximum price (or price ceiling) is a type of price control used by a government to set the price of a particular...

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