Question
Why does the government need to handle market failures?
Market failures indicate a scarcity of resources, so it must be managed
Market failures occur when goods or services are excludable
The natural forces of a free market tend to over correct for market failures
The natural forces of a free market do not tend to fix market failures due to individuals and produces making decisions based on their own self interest
Market failures indicate a scarcity of resources, so it must be managed
Market failures occur when goods or services are excludable
The natural forces of a free market tend to over correct for market failures
The natural forces of a free market do not tend to fix market failures due to individuals and produces making decisions based on their own self interest
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