governing body intervention in a specific market tied to one or more events, like price ceilings, price floors, or tax subsidies. It can enhance the welfare of society, but usually leads up to an ultimate effect of a market failure.
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governing body intervention in a specific market tied to one or more events, like price ceilings, price floors, or tax subsidies. It can enhance the welfare of society, but usually leads up to an ultimate effect of a market failure.
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