• TheEighthDoctor@lemmy.zip
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      21 hours ago

      From the link you posted

      In practice, governments usually intervene to reduce externalities such as greenhouse gas emissions;

      An absence of any of the conditions of perfect competition is considered a market failure. Regulatory intervention may provide a substitute force to counter a market failure, which leads some economists to believe that some forms of market regulation may be better than an unregulated market at providing a free market.