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One way government could intervene when external diseconomies exist in an industry is to act to
Courts
Institutions that have the authority to adjudicate legal disputes between parties and administer justice in civil, criminal, and administrative matters.
Law
A set of regulations developed and implemented by social or governmental bodies to control actions.
Royal Assent
The formal approval by a monarch to a bill that has passed both houses of parliament, making it law.
Governor General
The representative of the monarch in a Commonwealth country, performing various ceremonial, symbolic, and constitutional functions.
Q4: A group of firms that produce similar
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