00:01
So here we've got this statement about market failures, right? and the question is, what can public policy do? so the first one is nothing.
00:09
And this one is obviously wrong, right? way too extreme, right? the saying that public policy can never do anything is just, right? way too extreme.
00:25
There's, you know, you can imagine, you can always find at least one case where policy was helpful, right? to say that under absolutely no circumstances can paul ever help is always going to be wrong.
00:38
So b, potentially fix, potentially improve the situation, right? yeah, this is very plausible, right? very plausible.
00:50
And notice that it's a very weak statement.
00:52
It doesn't require you to commit to much, right? so it's almost certainly got to be true simply because it's so weak.
01:01
Can public policy potentially remedy the situation? potentially? of course it has the potential to, right? having the potential to is a very, very weak statement, right? as opposed to c, which is always improved...
