It May Be Preferable for Government to Intervene to Impose

Multiple Choice

It may be preferable for government to intervene to impose a public standard rather than let a private,de facto standard be determined through competition because:

A) Governments are superior to markets in selecting the best technology
B) A private,de facto standard can take a long time to become established,thereby delaying the adoption of a new technology
C) Competition is always wasteful
D) De facto standards tend to be set by US companies