When private interests in markets are not aligned with the social interest:

Question

Quizplus · Accepted Answer

When private interests in markets are not aligned with the social interest, there may be externalities or market failures that lead to inefficient outcomes. In this case, regulatory action may improve upon the free market outcome and more closely align private interests with social interests. Banning the relevant market may not be feasible or desirable, and outsourcing the production process does not necessarily address the underlying issue of market failure.

When Private Interests in Markets Are Not Aligned with the Social