The best remedy for market failure is often
A)properly redirected market forces.
B)central planning.
C)government regulations.
D)ignoring externalities.

Question

Quizplus · Accepted Answer

Properly redirected market forces can address market failures without the need for excessive government intervention or central planning. Market forces can be redirected through measures such as taxation, subsidies, and the establishment of property rights to address externalities and create a more efficient market. Central planning and ignoring externalities can lead to inefficiencies and unintended consequences, while government regulations can be overly prescriptive and stifling to market innovation.

The Best Remedy for Market Failure Is Often