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What are some reasons for government intervention in the market?

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What are some reasons for government intervention in the market?

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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.