It may be preferable for government to intervene to impose a public standard rather than let a private,de facto standard be determined through competition because:
A)Governments are superior to markets in selecting the best technology
B)A private,de facto standard can take a long time to become established,thereby delaying the adoption of a new technology
C)Competition is always wasteful
D)De facto standards tend to be set by US companies

Question

Quizplus · Accepted Answer

Private, de facto standards can take a long time to become established, and this delay can be detrimental to the adoption of new technology. In contrast, government intervention can expedite the standard-setting process and enable faster adoption of new technology. The other choices are incorrect - governments are not necessarily superior to markets in selecting technology, competition can lead to better outcomes in some cases, and de facto standards are not only set by US companies.

It May Be Preferable for Government to Intervene to Impose