Which of the following is not an argument against government intervention in a market? A. If the government reduces output below the free market level, consumer surplus will fall. B. If the government reduces output below the free market level, producer surplus will fall. C. If the government raises output above the free market level, consumers will get extra benefit from the extra units of output. D. If the government raises output above the free market level, some units of output will cost more to produce than the value placed on them by consumers.

Which of the following is not an argument against government intervention in a market? A. If the government reduces output below the free market level, consumer surplus will fall. B. If the government reduces output below the free market level, producer surplus will fall. C. If the government raises output above the free market level, consumers will get extra benefit from the extra units of output. D. If the government raises output above the free market level, some units of output will cost more to produce than the value placed on them by consumers.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter11: Public Goods And Common Resources

Section: Chapter Questions

Problem 3PA

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