Question: 3. When markets fail to allocate resources efficiently in an industry, the government often intervenes by regulating that industry. Explain with practical examples four (4)

3. When markets fail to allocate resources efficiently in an industry,

3. When markets fail to allocate resources efficiently in an industry, the government often intervenes by regulating that industry. Explain with practical examples four (4) problems that could prevent regulation from leading to the optimal allocation of resources? (300-350 words) 7:04 PM

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