1. Which of the following reasons are not good justifications for government intervention?

1. Market Failure due to the presence of externality, public goods, or asymmetric information.
2. The market does not deliver a fair allocation.
3. Government can help protect the market.
4. Prices are not too high or too low.
5. There are frictions in the market resulting in inefficiency and the government should intervene to remove the frictions.
6. The government can make a better choice for individuals because it has more information about the economy, including others preference, technology, and resource constraints.