QuestionJuly 19, 2025

Which one of the following is not a reason that government might intervene in a market? Multiple Choice to increase the efficiency of the market to reduce the consumption of a "bad" product to correct a market failure to achieve equity among all citizens

Which one of the following is not a reason that government might intervene in a market? Multiple Choice to increase the efficiency of the market to reduce the consumption of a "bad" product to correct a market failure to achieve equity among all citizens
Which one of the following is not a reason that government might intervene in a market?
Multiple Choice
to increase the efficiency of the market
to reduce the consumption of a "bad" product
to correct a market failure
to achieve equity among all citizens

Solution
4.4(337 votes)

Answer

to increase the efficiency of the market Explanation 1. Identify reasons for government intervention Governments intervene to correct market failures, achieve equity, and reduce consumption of harmful products. 2. Determine non-intervention reason Increasing market efficiency is typically not a direct reason for government intervention; interventions often aim to address inefficiencies rather than increase them.

Explanation

1. Identify reasons for government intervention<br /> Governments intervene to correct market failures, achieve equity, and reduce consumption of harmful products.<br /><br />2. Determine non-intervention reason<br /> Increasing market efficiency is typically not a direct reason for government intervention; interventions often aim to address inefficiencies rather than increase them.
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