Question

A reason for government involvement in a market economy is:
a. markets sometimes fail to produce a fair distribution of economic resources.
b. markets sometimes fail to produce an efficient allocation of resources.
c. property rights have to be enforced to promote innovation in an economy.
d. All of these answers are correct.

Answer 1

Answer:

d. All of these answers are correct.

Explanation:

A market economy is where production decisions are made by the forces of demand and supply. Means of production are privately owned .

The government intervenes in a market economy for all the above stated reasons.

I hope my answer helps you.