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In a situation in which property rights are not well-defined and social costs exceed private costs, government can use all of the following to induce producers to bring private costs into alignment with social costs EXCEPT
Bargaining Position
The relative power or leverage that a party has during negotiations to influence the terms in their favor.
Supplier Merges
The act of two or more suppliers combining their operations, often to increase efficiency or market power.
Product Redesign
The process of updating or changing the features, appearance, or specifications of a product to improve its performance, appeal, or production efficiency.
Nonstrategic View
An approach or perspective that does not involve long-term planning or consideration of competitive positioning.
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