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Priscila Vargas
on Nov 17, 2024

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Which of the following do economists not generally regard as a legitimate reason for the government to intervene in a market?

A) To promote efficiency
B) To promote equality
C) To enforce property rights
D) To protect an industry from foreign competition

Government Intervention

Actions taken by a government to influence or directly control economic activities, often to correct market failures or promote economic stability.

Promote Efficiency

To enhance the effectiveness and productivity with which resources are used, minimizing waste and maximizing output.

Foreign Competition

Competition that domestic companies face from abroad, from foreign companies offering the same or similar products or services.

  • Grasp the role of government intervention in correcting market failures and externalities.
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VANSHIKA GUPTANov 23, 2024
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