Government intervention to alter market structure or prevent abuse of market power is the basic purpose of

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Antitrust policy aims to prevent dominant firms from abusing their market power and maintain a competitive market structure by regulating mergers and acquisitions, enforcing anti-competitive behavior, and promoting fair competition. Merit goods refer to goods that are considered to have social benefits and are typically provided by the government, such as education and healthcare. Government taxes are used to raise revenue or alter behavior. Social demand refers to the demand for goods and services by society as a whole, which may or may not be met by the market.

Government Intervention to Alter Market Structure or Prevent Abuse of Market