Why does market failure provide a case for government intervention?
A
Market failure causes resources to be misallocated, providing the rationale for intervention.
B
Price stability causes resources to be misallocated, providing the rationale for intervention.
C
Market equilibrium causes resources to be misallocated, providing the rationale for intervention.
D
Economic growth causes resources to be misallocated, providing the rationale for intervention.
1.8.9 Government intervention in markets Flashcards
Flashcards for AQA A Level Economics 1.8.9 Government intervention in markets, covering the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3. 25 cards, matched to the AQA A Level Economics (7136) specification.