Government intervention is one possible solution for market failure. What is one possible reason why a government controlled used car market may not provide an efficient outcome?

Q: Market-oriented environmental tools try to provide a stronger incentive for individuals and firms to…

A: Market-oriented environmental tools: Environmental rules that are based on the market give…

Q: What are the effects of government intervention in the market?

A: Government intervention in the market is very necessary as it leads to efficiency in the market…

Q: There are never unintended consequences of government intervention to address market failures. true…

A: In the mentioned question we have been asked whether thee are consequences of government…

Q: Automobile production imposes a negative externality. The government imposes a per-unit tax on…

A: (Q) Automobile production imposes a negative externality. The government imposes a per-unit tax on…

Q: discuss the argument that education should be subsidized because it creates a positive externality

A: Externality is the negative or positive spillover by the consumer or producer which affects the…

Q: 18. a. b. C. d. Externalities can be enhanced // market internalized // market internalized //…

A: Externalities: These are the cost or benefits for a third party who does not agree to it.…

Q: Explain how market failure can be used to justify government intervention in medical care markets

A: Market failure in healthcare could occur due to a number of reasons. This is because healthcare is a…

Q: How does providing education to students provide external benefits to everyone in the community.

A: Externalities are the harmful or beneficial side effects arise out of production or consumption of…

Q: What is the difference between government regulation and government intervention in the market?

A: Market: In economics, the word market refers to the physical or the virtual place where sell and…

Q: Why free-market environmentalism is not implemented?

A: Free market environmentalism would cause decrease in production of many firms.

Q: Social efficiency consists of which of the following: the sum of consumer and producer surplus the…

A: The sum of consumer surplus and producer surplus is total surplus.  i.e., Total surplus = Consumer…

Q: Providing a subsidy is one way a society can correct for a positive externality. True False

A: Externality refers to spill-over effect of a good on third party which is not involved in either…

Q: Explain the measures used by the government to correct each of the following sources…

A: In a free economy, the  equilibrium price and quantity is determined by the forces of demand and…

Q: Relatives and friends whom the consumer trusts are known as sources of external information.

A: Relative and friends sometimes act as a source of external information.

Q: How does social protection, as an area of government spending, both positively and negatively impact…

A: Social protection basically refers to the government's policies and various programs to reduce…

Q: Is market failure either necessary or sufficient for government intervention

A: Market failure refers to a situation when the allocation of goods or services by the forces of free…

Q: Excessive consumption of soft drinks is positively correlated to the incidence of diabetes. Assume…

A: When the consumption or production of a good imposes additional cost to the customer that is not…

Q: The supply curve for the production of oil in Sanaton is shown in the diagram below. Supply based on…

A: externalities is the spillover effects caused by an economic activities which have negative as well…

Q: Give an example of a negative externality that you have witnessed or are personally aware of. Who is…

A: One day, one of my neighbors was smoking in a public park with kids around. His smoking was…

Q: The people of Chingola district a town in the Copperbelt province of Zambia are concerned over the…

A: Externality means spillover effect of economic activities motivated by profit or satisfaction on…

Q: Market imperfections abound in Canada, brought about by externalities. If some activity creates…

A: Market imperfection occurs when an economic market does not meet rigorous standards of the…

Q: Should governments subsidize recycling programs if they are run at an economic loss? What types of…

A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Consumers that take advantage of a public good without having to pay for it are known as A Tax…

A: please find the answer below.

Q: There are never unintended consequences of government intervention to address market failures. True…

A: In a  free market, price is determined by pure market forces of demand and supply. Equilibrium price…

Q: How external cost affect supply and demand

A: External cost:- These are those cost or benefits that effects a third party apart from buyer and…

Q: Factors leading to government failure Answer Bank The United States uses a graduated tax system.…

A: The answers are -  Politicians often want to keep constituents happy more than they want to correct…

Q: if the marginal social benefit exceeds the marginal private benefit, the eficiency of the market can…

A: if the marginal social benefit exceeds the marginal private benefit, the efficiency of the market…

Q: Evaluate the arguments for government intervention in the markets.

A: Government interventions refer to the interference of the government in the market. This is…

Q: Where does the untied states get the majority of our gasoline?

A:

Q: The result that, under certain conditions, government intervention is unnecessary to fix a negative…

A: Nash equilibrium-It is a solution to a game involving two or more players which provides the best…

Q: The diagram below represents the market for education. Assume that education provides several…

A: Positive externality is the external benefit society gets by the production or consumption of the…

Q: The Affordable care act passed by the Obama Administration initially required all US taxpayers to…

A: The Affordable Care Act (ACA) is the program that was passed in 2010. Initially, it required all the…

Q: Why does government intervention become necessary in the situation of market failure?

A: Market failure is an economic situation wherein the goods and services in an economy cannot be…

Q: Which of the following instruments is government most likely to apply when confronted with a…

A: Positive externality occurs when production or consumption results in external benefits on third…

Q: What is an externality? What are the possible remedies (private or government) to externalities?

A: An externality is a cost or benefit of an economic action that is experienced by a distinct third…

Q: Help me understand the consequences of the market failure

A: Answer: Market failure appears when the attainable outcomes are not achieved, it is a situation…

Q: Is there a free rider problem (market failure) associated with education in the United States and…

A: The free rider issue is a financial idea of a market disappointment that happens when individuals…

Q: Governments pursue various policies to remedy the inefficiencies caused by externalities.  List and…

A: The administration can react to externalities in different ways. They can use command-and-control…

Q: When an economy and government face negative externality, describe the cause of this problem and…

A: Meaning of Externalities: The term externality refers to the situation where the cost is incurred…