Which of the following is not generally regarded as a legitimate reason for the government to intervene in a market?
A)to promote efficiency
B)to promote equity
C)to enforce property rights
D)to protect an industry from foreign competition

Question

Quizplus · Accepted Answer

Protecting an industry from foreign competition is generally seen as a protectionist policy and is not considered a legitimate reason for government intervention in a market. The government should not attempt to shield domestic firms from competition in order to preserve inefficient or uncompetitive industries. Instead, the government should focus on creating a level playing field, promoting competition, and providing support to help firms evolve and adapt in the face of changing conditions. The other options - promoting efficiency, promoting equity, and enforcing property rights - are all considered legitimate reasons for the government to intervene in a market.

Which of the Following Is Not Generally Regarded as a Legitimate