If a market is not perfectly competitive,then government intervention

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Quizplus · Accepted Answer

When a market is not perfectly competitive, government intervention may be necessary to correct market failures, such as externalities, information asymmetries, or public goods. In some cases, intervention can increase economic well-being by promoting competition, reducing negative externalities, or providing public goods. However, in other cases, intervention may decrease economic well-being by distorting market outcomes, creating inefficiencies, or reducing incentives to innovate and invest. Therefore, the effectiveness and efficiency of government intervention depend on the specific circumstances of the market and the type of intervention used.

If a Market Is Not Perfectly Competitive,then Government Intervention