Question

In which market is government most likely to intervene to prevent a market failure? the market for college education the jewelry market the restaurant market the market for designer clothing?

Answer 1

In which market is government most likely to intervene to prevent a market failure? The market for college education. Market failure happens when there is not enough resources allocated to everyone within the market. Most goods that fail in a market are items that should be enough for the entire public. College education should be accessible to everyone so if this market were going to start to fail, the government would most likely step in.