Sources of microeconomic failure that may require government intervention include all of the following except:

Question

Quizplus · Accepted Answer

Microeconomic failure due to the need for private goods is not a valid reason for government intervention as private goods are intended to be provided by the market and consumed by individuals who are willing to pay for them. The other options, such as abuse of market power, need for public goods, and distributional inequities, can result in market failures that warrant government intervention.

Sources of Microeconomic Failure That May Require Government Intervention Include