How should market failures be addressed?
A)through the establishment of barriers to enter the market
B)through the replacement of social equilibrium by market equilibrium
C)through free market interactions between consumers and producers
D)through government intervention and the courts
E)through market deregulations

Question

Quizplus · Accepted Answer

Market failures often require government intervention and the use of courts to correct inefficiencies and ensure fair competition, as free markets alone may not always lead to optimal outcomes for society.

How Should Market Failures Be Addressed