To what extent should the government interven in the market? Write a long 500 word answer.

Q: Which one of the foolowing is the phenomenon which is being noticed here?

A: The social networking websites has seen a huge inclination of the user count in recent 5 years,…

Q: How do negative externalities cause market failure?

A: Answer - Negative externalities - It is the externalities which have been produced during the…

Q: What is efficiency? Is it the only goal of economic policymakers?

A: There are two branches of economics. Microeconomics - Microeconomics is the branch of economics…

Q: Give an example of an externality.

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

Q: Externality is a problem that create market failure. How the externalities can be internalized to…

A: Externality causes market failure.Externality may be positive or negative and its effect causes…

Q: How does the government intervene on the market?

A: There are three types of economic structure which are command or socialist economy, capitalist…

Q: How does an externality indicate market failure?

A:

Q: why do externalities make market outcomes inefficient?

A: A third party, who is not directly related with the exchange or production of goods and services…

Q: The laissez-faire price system a. Assures economic efficiency even when there are externalities. b.…

A: The Classical economists advocated that the markets are self-regulated in nature and there should be…

Q: What are the concepts, reasons and effects of market failure? Note: list them down.

A: A market is a gathering place for people who want to trade products and services. Buyers and sellers…

Q: Explain what is meant by market failure and   outline the sources of market failure.

A: Market failures can be corrected by allowing competitive producers in the market and consumers as…

Q: How can government prevent market failure?

A: Market failure is the scenario of inefficiency in the distribution and allocation of goods and…

Q: Explain the two causes of market failures. Given their definitions, could a market be affected by…

A: Market failure refers to the condition where the free markets fail to distribute resources…

Q: Market failure means that?

A: The reasons for the market failure can be due to the: positive and the negative externalities,…

Q: What is social significance. Why is it important in public speaking

A: Communication is the foundation of our general public. It permits us to frame associations,…

Q: Under what circumstances would a large market share identify market power? Under what circumstances…

A: Market power  is said to be a firm’s ability to raise its profit by increasing price of goods and…

Q: Market failure can be caused by

A: Inefficient distribution of goods in a free market is called market failure  Some causes of market…

Q: Describe at least three reasons why market failure occur

A: The main reasons of Market failure occurs in the following ways:- 1.Negative Externalities:- This…

Q: Offer an example of a good or service with a negative externality. What is the externality of the…

A: Negative externalities arise when a good or service's product and/or consumption has a negative…

Q: In the past, some counties and countries have imposed taxes on sugar, saturated fats, and food made…

A: As the milk chocolates includes huge sugar content which can lead to some health related issues. And…

Q: What is a market failure

A: Definition of Market Failure In the free market, market failure is characterized as an inefficient…

Q: Create a policy that would tamper the market failure.

A: Market Failure: Market failure is an economic situation that generally existed in the free market…

Q: Does an externality cause total surplus to increase or decrease?

A: Total surplus is the sum of the consumer's surplus and producer's surplus in the economy.…

Q: Refer to the figure below. Private markets will provide units of this good per day, and the socially…

A: "There are two separate questions so as per the guidelines answer is provided to the first…

Q: Which of the market structures is the easiest to penetrate and why? Please explain.

A: There are mainly four types of Market Structures. These are Perfect Competition, Monopoly,…

Q: Explain some types of market failure

A: A market failure happens when there is a wasteful portion of assets. All in all, the genuine expense…

Q: Many obstacles can lead to market failure such as price and quantity regulations and taxes explain…

A: Market Failure is defined as an inefficient distribution of good an services in a market economy. It…

Q: What are the two types of market failure and how are they corrected? Why doesn't the market self-…

A: Market failure is when the demand and supply of goods and services in an economy fails to produce…

Q: How is capitalism thought to benefit society?

A: Capitalist economy: - it is that economic system where the price, quantity, and types of goods and…

Q: Use a supply and demand graph to show a good which should be illegal owing to it's negative…

A: Meaning of Demand and Supply: The term demand refers to the willingness of an individual to…

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: Chose one: If there are no externalities a competitive market achieves economic efficiency. If…

A: Externalities: Externalities are the cost or benefits that are incurred or received by the third…

Q: 25. Which of the following is NOT a non-price method that a supplier could use to allocate a good…

A: Non price tools is a showcasing technique that normally incorporates limited time consumptions, for…

Q: How large should a Pigovian tax be to achieve efficiency?

A: A Pigovian tax is a tax on any market activity that generates negative externalities.

Q: What are three reasons that a government might want to intervene in markets?

A: Government interference is government legislative action that aims to alter the decisions taken…

Q: Provide examples and/or latest news or updates of the law and supply and demand

A: The economies around the globe tend to operate with the help of the markets. The markets are for…

Q: Historically, Vaccinations have prevented the spread of certain diseases such as chicken pox or…

A: Externality refers to the production or consumption which will cause either benefit or cost to a…

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: Why Malaysian governments often fail to implement market policy? Give an example.

A: Malaysian government do not initiate regulatory reforms on inclusive basis for the functioning of…

Q: Two reasons for a government to intervene in a market are to

A: In a free market, the forces of market demand and supply determine the equilibrium level of price…

Q: An externality arises vwhen a firm or person engages in an activity that affects the wellbeing of a…

A: An externality arises when a firm or person engages in an activity that affects the well-being of a…

Q: Audiences are not concerned with where media texts come from.’ To what extent do you agree with…

A: Generally, people prefer to watch or reach the media text from a reliable source. The Sources of…

Q: Why are externalities considered a sign of market failure?

A: Market failure occurs when there is inefficient allocation of resources in the free market.

Q: Is it the only goal of economicpolicymakers?

A: A person held accountable for or being involved in the policy formulation process is known as the…