The concept of laissez faire calls for government intervention if market failure is evident.
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Q104: Q105: The term market failure means the market Q106: One In the News article says that Q107: According to "Sleep Rules Raise Trucking Costs," Q108: Regulated monopolies that are allowed a specific Q110: Profit regulation is desirable because if a Q111: A natural monopolist can produce total industry Q112: Eliminating economic profit of a natural monopolist Q113: The argument for government intervention implies that Q114: It is not necessary to offer a
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