Which statement describes a time in the economy when the government should intervene?
A) Consumers cannot make up their minds what they want to purchase.
B) Sellers make poor business decisions.
C) Producers use the least-cost methods of production.
D) The market fails to provide goods efficiently.

Question

Quizplus · Accepted Answer

Government intervention is typically justified when there is a market failure, meaning the market is not providing goods and services efficiently, which can lead to negative externalities, public goods issues, or monopolies.

Which Statement Describes a Time in the Economy When the Government