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Interplay between private enterprise, government oversight key to thriving market: Nobel economics laureate

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02:21

A truly efficient market requires a delicate balance between private enterprise and government oversight, said Nobel Prize-winning economics professor Eric Maskin. In an interview with China Media Group (CMG), Maskin shared his insights on correcting externalities, saying government oversight can help address issues caused by market activities, such as environmental pollution from gasoline-powered cars.

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