Asked by Kasongo Alain on Jun 30, 2024
Verified
Competition decreases the need for government intervention in the market.
Government Intervention
Actions taken by a government to affect the economy or society, which can include regulations, subsidies, tariffs, and direct spending.
Competition
The rivalry among businesses to attract customers and achieve a higher share of the market.
- Explore the judicial considerations and upsides of various organizational forms in targeted situations.
Verified Answer
JV
jorge velascoJul 01, 2024
Final Answer :
True
Explanation :
Competition in the market typically leads to more efficient allocation of resources, better quality products, and lower prices, reducing the need for government intervention to correct market failures or protect consumers.
Learning Objectives
- Explore the judicial considerations and upsides of various organizational forms in targeted situations.