Which of the following is correct?
a. Markets are always imperfect, so governments must...
Which of the following is correct?
a. Markets are always imperfect, so governments must always interfere to fix them
b. Governments and markets complement each other, with each correcting the problems caused by the other, resulting in efficient outcomes.
c. Governments always suffer from incentives to waste resources, so governments should not be allowed to interfere in the economy.
d. Governments and markets are both imperfect systems, in which people face incentives that sometimes lead to inefficient outcomes.
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