Economic Research Institute Study paper
Utah State University
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As a general rule, economists seldom advocate policy options. They prefer to discuss advantages and disadvantages. Primarily, this is because of an inherent belief that the market does provide for an efficient allocation of goods and services for those participating in that particular market. However, it is widely recognized that the market will not allocate efficiently if certain impediments exist. Furthermore, in situations where the market cannot reflect true social costs and benefits, some corrective actions may be required.
Snyder, Donald L.; Andersen, Jay C.; Bailey, DeeVon; and Godfrey, E. Bruce, "Final Draft Report: Economic Policy Options for Utah Agriculture" (1985). Economic Research Institute Study Papers. Paper 431.