Regulations are sometimes used to "correct" the failures of a market mechanism.

Name: Regulations are sometimes used to "correct" the failures of a market mechanism.
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Regulations are often put in place to address market failures such as externalities, information asymmetries, and market power. These regulatory efforts aim to correct or mitigate the negative effects of these market failures and promote more efficient and equitable outcomes.

Regulations Are Sometimes Used to "Correct" the Failures of a Market