If government intervention fails to improve upon market outcomes,this is known as market failure.

Name: If government intervention fails to improve upon market outcomes,this is known as market failure.
Brand: Quizplus
Rating: 4.8 (49 reviews)

Question

Quizplus · Accepted Answer

Market failure occurs when the allocation of goods and services by a free market is not efficient, often leading to a net social welfare loss. Government intervention is typically aimed at correcting these market failures, not the cause of them.

If Government Intervention Fails to Improve Upon Market Outcomes,this Is