Non-Market Environment
What are the three ways in which nonmarket issues can be resolved, or the boundary between market and non-market be set? Give an example of each.
What makes crises different from other events in the nonmarket environment?
Give an example of the role of information in the nonmarket environment. Be sure to explain the role played by the information in your example.
Give two reasons why governments regulate the activities of business firms. Illustrate each with an example.