Some people argue that the government should not intervene in the case of a market failure because
Question:
Some people argue that the government should not intervene in the case of a market failure because the government itself is inefficient and will simply create new problems to replace the ones it is trying to fix. In addition, critics contend that the government is usually less efficient than the private sector. Do you think the government is less efficient than the private sector?
Does it depend on the issue involved? If you think it is inefficient in a particular area, does that lead you to recommend against government intervention, or is there a reason that you would still support government intervention? If you think the government should intervene, which intervention options do you prefer and why?
Step by Step Answer:
Essentials Of Health Policy And Law
ISBN: 9781284247459
5th Edition
Authors: Sara E. Wilensky, Joel B. Teitelbaum