Market failure,by itself,is enough to justify government regulation of business.

Name: Market failure,by itself,is enough to justify government regulation of business.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Market failure indicates inefficiencies in the market, but government regulation is only one of many potential solutions. The decision to regulate should also consider the costs and benefits of regulation, potential for government failure, and alternative market-based solutions.

Market Failure,by Itself,is Enough to Justify Government Regulation of Business