Which of the following is a valid reason to consider government regulation?
A)Seeking some social objective that markets do not achieve.
B)Fear that capitalism will prove too productive.
C)Desire on the part of government to be useful.
D)Requests for protection from an industry.
E)All of the above.

Question

Quizplus · Accepted Answer

Government regulation may be necessary when markets fail to achieve certain social objectives. Examples of such objectives include protecting public health, ensuring worker safety, and maintaining a clean environment. Without government regulation, the pursuit of profit or other individual goals may lead to negative externalities that harm society as a whole.

Which of the Following Is a Valid Reason to Consider