One reason we need government,even in a market economy,is that

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Quizplus · Accepted Answer

While market economies are guided by the invisible hand, they are not perfect and may need guidance and regulations to ensure fair competition and prevent market failures. The government also plays a crucial role in providing public goods and services, protecting property rights, and enforcing contracts. Therefore, option (C) is the best choice. Option (A) is incorrect because a government's role is not to increase market power, but rather to ensure fair competition. Option (B) is incorrect because property rights are protected by the government, not weakened by it.

One Reason We Need Government,even in a Market Economy,is That