Economists generally agree that government intervention in the economy is appropriate
A) whenever the benefits of the correction of the market failure through intervention are greater than the costs of the intervention itself.
B) whenever there is a market failure.
C) whenever the costs of the intervention are greater than the value of the correction of the market failure.
D) only when the market fails to provide a socially useful good.
E) whenever the costs of market failure are greater than the benefits of the existence of markets.
Correct Answer:
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