Top Posters
Since Sunday
w
3
w
3
e
3
3
r
3
b
2
M
2
V
2
f
2
c
2
c
2
K
2
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
jacksonfive09 jacksonfive09
wrote...
Go to Answer
Posts: 431
Rep: 21 0
4 years ago
Markets fail to produce an efficient allocation of resources, but governments also fail because

▸ elected officials will act only in the public interest.

▸ the optimal level of public goods may be too expensive to produce.

▸ measurement of social costs and benefits is difficult and imprecise.

▸ managers of government agencies are trying to maximise the size of their agency.
Textbook 
Essential Economics for Business

Essential Economics for Business


Edition: 5th
Authors:
Read 45 times
1 Reply
Replies
Answer verified by a subject expert
DoggggDogggg
wrote...
#1
Posts: 400
Rep: 60 0
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

jacksonfive09 Author
wrote...

4 years ago
Thanks
ky
wrote...

Yesterday
Brilliant ツ
rileyjones420
wrote...

2 hours ago
You make an excellent tutor!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  643 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 261
  
 529
  
 483
Your Opinion
Which 'study break' activity do you find most distracting?
Votes: 824
Previous poll results: What's your favorite coffee beverage?