Policy makers don’t have a good way to improve the efficiency of most of the markets in which small businesses operate. As a result, government intervention in small business markets generally doesn’t make us collectively better off.
To understand why government intervention in small business markets doesn’t generally improve our well being, we have to first look at which of the four main structures — competitive, monopolistic markets, oligopolistic, and monopolistically competitive — small business markets tend to display.
The Government Can’t Make Most Small Business Markets More Efficient
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.