3 ms·
Could an argument be made that a government could [at least attempt to] enforce some socially more optimal solution?
by personjerry 11y ago
Could an argument be made that a government could [at least attempt to] enforce some socially more optimal solution?
- msellout 11y agoGeographic regulation is unnecessary, but the government may decide it is responsible for lowering barriers to entry -- supporting a healthy financial market and streamlined licensing/inspection. Competitors entering the market will destabilize the two-firm Hotelling equilibrium.