ILO:

a) The impact of government intervention on:
o prices
o profit
o efficiency
o quality
o choice
​
b) Limits to government intervention:
o regulatory capture
o asymmetric information

Impact of Government Intervention

Based upon the following material, what was the government aiming to achieve in terms of: prices, profit, efficiency, quality and choice.

Use a diagram within your answer to support your analysis.

What could be provided as counter balance?
E-books price fixing claims

Limits of Government Intervention

What forms of Government failure are you currently aware of?

What may be the causes of this Government failure?

> Regulatory capture

> Asymmetric information


Milton Friedman - Government Regulation