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I need an answer for Intervention and Public Goods In this module, you have discussed problems in policy-making as a follow up to several modules, in which you discussed the price system and governmen
I need an answer for Intervention and Public Goods
In this module, you have discussed problems in policy-making as a follow up to several modules, in which you discussed the price system and government intervention. Consider the following questions:
- Under what conditions (if any) should the government intervene in the market?
- Should the government provide public goods? If so, how would the government know how much of the public good to provide?
- How could government intervention be constrained or controlled so that rent-seeking and the personal goals of policy-makers do not result in bad policy?
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