Economists readily admit that in settings that involve a monopoly or negative externalities, a potential role exists for _______.

Name: Economists readily admit that in settings that involve a monopoly or negative externalities, a potential role exists for _______.
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Question

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In cases of monopoly or negative externalities, economists recognize that market outcomes may not be efficient or fair, suggesting a role for government intervention to correct these market failures.

Economists Readily Admit That in Settings That Involve a Monopoly