Question

Government intervenes in health and education sectors because _____.

• A. individual consumers of these services do not have complete information about the quality of services and their costs
• B. the providers of education and health services acquire monopoly power and are involved in exploitation
• C. ensure that the private providers of these services adhere to the standards stipulated by the government and charge the correct price
• D. All of these

Answer 1

Answer: (D)

All of these

Government intervenes in health and education sectors because individual consumers of these services do not have complete information about the quality of services and their costs, the provider of education and health services acquire monopoly power and are involved in the exploitation and ensure that the private providers of these services adhere to the standards stipulated by the government charge the correct price.

Hence, D is the correct option.