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

A. the optimal level of public goods may be too expensive for the society to produce

B. the measurement of social damages and benefits is difficult and imprecise

C. elected officials will act selflessly for the good of society and ignore their own self interest

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

Be the first to comment if anything wrong with this mcq
Your comment successfully submitted!
It will automatically posted after review and approval by our staff member.