When market failure occurs,the role of government is to

Question

Quizplus · Accepted Answer

When market failure occurs, government intervention is necessary to correct market outcomes and minimize the negative effects on society. The government's role is not to eliminate markets or create alternatives, but rather to push market outcomes closer to the ideal. Doing nothing would allow the market failure to persist, which could harm individuals and the overall economy. Therefore, the best choice is B - push market outcomes closer to the ideal.

When Market Failure Occurs,the Role of Government Is to