Government intervention is required to provide private goods, which would not otherwise be provided by the market.Question 7Select one:TrueFalse

Without government intervention, public goods will be __________ provided by markets alone. Group of answer choicesequitablyunderefficientlyoverly

Why and how do governments intervene in the markets?  10 marks

Explain why a government might decide to increase its direct provisionof essential goods and services and consider whether such a policy isalways likely to be successful

One of the justifications for government intervention in markets is the potential to improve on the market outcome in markets characterized by

Q4. Why does the government involve private companies to provide some public facilities?