True, as the popular opinion of the public will give the legislation support.
Answer:
Government failure occurs when a ruler forces people to do things that the people are otherwise unwilling to do and the result is inefficient and ineffective. Causes of government failure include Economic Calculation Problem: The more government is involved, the more actual costs and actual demand is hidden.
Explanation:
One of the roles of a government is to limit the market power of monopolies or even to eliminate them entirely due to <u>market inefficiencies.</u>
<h3>What is market inefficiencies?</h3>
An inefficient market, which can happen for a number of reasons, is one where an asset's prices do not fairly reflect their true value, in accordance with economic theory.
Deadweight losses are often the result of inefficiencies. The majority of markets do, in fact, exhibit some degree of inefficiency, and in the worst situation an inefficient market might serve as an illustration of a market failure.
According to the efficient market hypothesis (EMH), in a market that functions effectively, asset prices always reflect the true worth of the asset. For instance, a stock's current market price ought to accurately reflect all information that is now publicly available about it.
To learn more about Inefficient market from given link
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