You have been contracted by the government of your country to
provide recommendations on the regulation of the national textile
industry. Currently, the textile industry which resembles features
of the perfectly competitive market is completely unregulated.
Using the concepts covered in the class, please provide your advice
to the problems below.
One of the biggest social problems in the textile industry is
child labour which, among other things, reduces school attendance.
The government is considering two types of interventions and...