What are some reasons for government intervention in the market?

Marketing Dec 26, 2020

Expert Solution

Some reasons for government intervention are-

There might be government intervention to make a produce pay for their negative externalities.
The government may look to intervene to educate the people about merit and demerit goods to influence their demand.
The government will intervene to provide public goods.
The government will intervene to control the prices of products.

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