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Markets fail to produce an efficient allocation of resources, but governments also fail because

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7 years ago

Markets fail to produce an efficient allocation of resources, but governments also fail because

Markets fail to produce an efficient allocation of resources, but governments also fail because
A) elected officials will act selflessly for the good of society and ignore their own self-interest.
B) the optimal level of public goods may be too expensive for the society to produce.
C) the measurement of social damages and benefits is difficult and imprecise.
D) the managers of government agencies are trying to maximize the profit of their agency and they ignore the implications that this has on other departments.

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goldlilys

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Rken Author

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7 years ago

I appreciate what you did here, answered it right Smiling Face with Open Mouth

bioc

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Thanks for your help!!

smdavis

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2 hours ago

Smart ... Thanks!

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