I need an answer for Intervention and Public Goods In this module, you have discussed problems in policy-making as a follow up to several modules, in which you discussed the price system and governmen

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I need an answer for Intervention and Public Goods

In this module, you have discussed problems in policy-making as a follow up to several modules, in which you discussed the price system and government intervention. Consider the following questions:

  1. Under what conditions (if any) should the government intervene in the market?
  2. Should the government provide public goods? If so, how would the government know how much of the public good to provide?
  3. How could government intervention be constrained or controlled so that rent-seeking and the personal goals of policy-makers do not result in bad policy?