What is a way to prevent market failure from inadequate competition is for the government to?

One way for the government to prevent market failure due to inadequate competition is to enforce antitrust laws, which aim to prevent monopolies and promote fair competition among businesses. By regulating Mergers and Acquisitions that could reduce competition, the government can ensure a diverse marketplace. Additionally, the government can support the entry of new firms into the market through subsidies or reduced regulatory barriers, fostering a competitive environment that benefits consumers.