Governments May Intervene in Markets To

question 70

Multiple Choice

Governments may intervene in markets to:

• A) increase the efficiency of the market.
• B) reduce consumption certain products deemed "bad".
• C) correct a market failure.
• D) all of the above are reasons why governments intervene in market.

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Definitions:

Primary Store

The main store that a consumer frequents for their everyday or most frequent shopping needs.

Central Business District

The main commercial center of a town or city, where most offices, shops, and businesses are located.

Higher Crime Rates

Situations where the number of criminal incidents is greater compared to the average or a comparative metric.

Lack of Parking

The insufficient availability of parking spaces, which can deter potential customers from visiting a business location, affecting its foot traffic and sales.