Explain the pros and cons of the given view


Problem

‘‘Behavioral economics justifies intervention in the market by a paternalistic government.'' Explain the pros and cons of this view. What other market failures were identified in the book where government intervention might have been called for? Is the argument for intervening to solve behavioral problems stronger or weaker than the argument for intervening to solve these other market failures?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Explain the pros and cons of the given view
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