Top Posters
Since Sunday
d
4
N
3
3
R
3
k
3
o
3
Z
3
j
3
s
3
d
3
J
3
1
3
New Topic  
iloveyofacexx3 iloveyofacexx3
wrote...
Posts: 467
4 years ago

One important difference between the political process and the market process is that



the political process results in collective actions in which everyone is obliged to participate, while in the market process individuals are free to participate or not.



the political process results in collective actions that maximize economic surplus, while the market process may lead to efficiency losses.



the political process results in collective actions in which everyone is made better off, while the market process results in actions that favor some groups only.



the political process results in collective actions in which not everyone is required to participate, while in the market process individuals are obliged to participate.

Textbook 
InMicro

InMicro


Edition: 1st
Authors:
Read 103 times
1 Reply
Replies
Answer verified by a subject expert
BakariBakari
wrote...
Posts: 371
4 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

wrote...

4 years ago
Good timing, thanks!
wrote...

Yesterday
Correct Slight Smile TY
wrote...

2 hours ago
This helped my grade so much Perfect
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1516 People Browsing
Related Images
  
 277
  
 332
  
 365
Your Opinion
Who's your favorite biologist?
Votes: 608

Previous poll results: Do you believe in global warming?