______ are economic justifications for why government becomes involved in societal problems.

Name: ______ are economic justifications for why government becomes involved in societal problems.
Brand: Quizplus
Rating: 4.7 (43 reviews)

Question

Quizplus · Accepted Answer

Market failures are situations where the private market does not achieve an efficient outcome, often due to externalities or public goods. In such cases, government intervention can correct the market failure and provide a more optimal outcome for society as a whole.

______ Are Economic Justifications for Why Government Becomes Involved in Societal