Choose Two Examples Of Government Intervention

Madison Collins
Briefly discuss why there are times when the government needs to intervene. Next, choose two examples of government interventions and describe how they work.
Some people think that the government should not intervene in market failures. This is because the government can be inefficient and could make the situation worse. Intervention is needed to promote efficiency or equity. However, the government sometimes gets involved. I discuss further, the options the government has to intervene in market failures.
The government can intervene when there is a market failure. The book states that market failures in health care are due to a concentration of market power, imperfect information, concentration of public goods, and presence