Which of the following statements accurately describe the role of government in correcting market inefficiencies? Select all that apply.

The government plays an important role in correcting market inefficiencies, which occur when the free market fails to allocate resources effectively. One key way the government does this is by regulating industries to ensure fair competition and protect consumers from harmful practices. For example, if a factory is polluting a river, the government can step in with laws to limit pollution, which helps protect the environment and public health. Additionally, the government may provide public goods, like education and infrastructure, that the market might not supply adequately on its own. By taking these actions, the government helps create a fairer and more efficient economy for everyone.