In the presence of market failure, government involvement will lead to efficient outcomes.

Name: In the presence of market failure, government involvement will lead to efficient outcomes.
Brand: Quizplus
Rating: 4.8 (47 reviews)

Question

Quizplus · Accepted Answer

Market failures can justify government intervention, but such intervention does not guarantee efficient outcomes due to potential government failures, such as misallocation of resources, inefficiencies in public sector operations, or unintended consequences of policies.

In the Presence of Market Failure, Government Involvement Will Lead