Why is the policy necessary

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Reference no: EM13158267

Research and analyze the effects of the following government policies on the market equilibrium.

Increases in the Minimum Wage

Restrictions on International Trade

Pollution Controls

Natural Monopolies and Antitrust Regulation

When analyzing these policies, include some discussion of the following points when appropriate:

What is the purpose of the policy?

Why is the policy necessary?

The welfare of consumers, producers, and society (the winners and losers) before and after the policy

The distribution of costs and benefits

Does government intervention improve the situation?

Reference no: EM13158267

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