Government intervention in the market is helpful when
A) consumers are free to buy from many different firms.
B) consumers are forced to buy from just one firm.
C) business firms face increasing competition from new entrants into the market.
D) business firms always use the cleanest technologies available to mitigate pollution.

Question

Quizplus · Accepted Answer

Government intervention can be helpful when consumers have no choice but to buy from a monopoly (just one firm), as it can regulate prices and ensure fair access to essential services.

Government Intervention in the Market Is Helpful When