Maximum pricing and subsidies to reduce the market failure for bus travel

Thanks to tutor2u for this great 2 sided summary https://www.tutor2u.net/economics/blog/economic-pros-and-cons-of-the-uks-3-bus-fare-cap-extension?utm_medium=email&utm_campaign=Daily%20tutor2u%20Economics%20blog&utm_content=Daily%20tutor2u%20Economics%20blog+CID_089d06acf002faf6f8bfdad003cf540e&utm_source=CampMonitor&utm_term=Economic%20Pros%20and%20Cons%20of%20the%20UKs%203%20Bus%20Fare%20Cap%20Extension