Microeconomics - Milestone 3 (45)

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Nov 24, 2024

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22 CONCEPT → Government Failure 23 Select the example that is a government failure, and not simply a market failure. RATIONALE Antitrust policies are designed to prevent firms in an industry from misusing market power. If those policies are unsuccessful, then it is a government failure, because it is an unsuccessful attempt to correct a market failure using government policies. Report an issue with this question ● ● Unsuccessful antitrust policies are implemented. ● Laws to protect consumers from false advertising are successful. ● One or more firms in an industry attempts to misuse market power. ● Important information is withheld in a market transaction by the buyer or the seller. UNIT 3 — MILESTONE 3 25/25
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