If, after careful analysis, an economist concludes that there has been a market failure, which of the following possible corrective actions might the economist favor? Why?
a. prohibiting the activity
b. charging fees for continuing the activity
c. requiring that the public be informed of the activity
d. government purchase of the item for the public

Question

If, after careful analysis, an economist concludes that there has been a market failure, which of the following possible corrective actions might the economist favor? Why? 
a. prohibiting the activity 
b. charging fees for continuing the activity 
c. requiring that the public be informed of the activity 
d. government purchase of the item for the public

Quizplus · Accepted Answer

The Answer of If, after careful analysis, an economist concludes that there has been a market failure, which of the following possible corrective actions might the economist favor? Why? 
a. prohibiting the activity 
b. charging fees for continuing the activity 
c. requiring that the public be informed of the activity 
d. government purchase of the item for the public

If, After Careful Analysis, an Economist Concludes That There Has