In a situation where a market is failing to allocate resources efficiently, how can government intervention help consumers maximize their utility?

When a market fails to allocate resources efficiently, it means that goods and services are not being produced or distributed in a way that benefits consumers the most. In such cases, government intervention can help by regulating prices or providing public goods, ensuring that everyone has access to necessary resources. For example, if a company is charging too much for essential medicine, the government might set a price ceiling to make it more affordable for consumers. This way, more people can access the medicine they need, leading to increased overall happiness or utility. By stepping in, the government helps create a fairer market where consumers can make better choices and improve their well-being.