Government intervention in a market economy can lead to an increase in economic welfare if_______________________. Select one:
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Question:
Government intervention in a market economy can lead to an increase in economic welfare if_______________________.
Select one:
a. the price elasticity of supply of private goods is high
b. the market mechanism has failed to allow for externalities
c. it leads to an increase in production and consumption of de-merit goods
d. the demand for inferior goods rises as incomes increase
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