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Responding to market failure GapFill

Target Level
C
Running Total
0
0%
Attempt
1 of 3

You must fill all the gaps before clicking ‘Check Answers!’

 Nationalisation occurs inGovernment intervenes inPrivatisation occurs inGovernment taxes various markets to control business activities. Government may intervene to control monopolies' quality   standards controlsreferenceschecks and   costbusinesspricerevenue regulation. Anti-  mergerstakeoverstrustcompetition laws are used by government to promote   competition efficiency inefficiency profitability and contestability. Price freeze can be implemented to curb  costsqualityprofitsinflation .  Quality Asymmetric Perfect Symmetric information and regulatory   constraintspoliciescapturerules are major challenges to government intervention. In some cases, government will   regulate nationalise mergeprivatise privately owned firms so that they become state  constraintsliabilitiespropertyowned.

This is your 1st attempt! You get 3 marks for each one you get right. Good luck!

Pass Mark
72%