Which of the following is a reason for some type of government mediation in a market?

Question

Quizplus · Accepted Answer

Both social conflict over appropriate levels of public goods and the need to aggregate the preferences of individuals to reach a socially desirable outcome are valid reasons for government intervention in a market. Without government intervention, the market may not be able to efficiently allocate resources, resulting in an outcome that does not maximize societal welfare.

Which of the Following Is a Reason for Some Type