The benefits from nonmarket action are higher when there are other means of generating them.

Question

Quizplus · Accepted Answer

Nonmarket actions, such as regulations or public policies, often aim to provide benefits that are not easily generated through market mechanisms. When there are no other means of generating these benefits, the value and impact of nonmarket actions can be particularly high, as they fill a gap that the market cannot address.

The Benefits from Nonmarket Action Are Higher When There Are