(1) Clearly explain how the existence external diseconomies in production can bring about over production and loss of social welfare? Use words and diagrams
(2) Explain how government intervention can promote social wellbeing and solve the problem of market failure?
(3) Explain why government interference into the market may not be desirable?
Senior Lecturer, Economics, UNN
Dr Anthony Orji is a Ph.D holder in Economics and a lecturer at the Department of Economics, University of Nigeria Nsukka.
He obtained his B.Sc, Msc and Ph.D Degrees from the University of Nigeria, Nsukka and a Post Graduate Diploma in Sustainable Local Economic Development (SLED) from Erasmus University, Rotterdam Netherlands.
