6. The government often intervenes to solve market failure problems. But the government may have failures of

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6. The government often intervenes to solve market failure problems. But the government may have failures of its own. Which of the following could be described as a government failure?

&a. inefficiencies due to incentives of individuals in government

&b.using votes to allocate goods and services rather than markets

&c. adverse selection

&d.moral hazard

&e. natural monopolies

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Fundamentals Of Economics

ISBN: 9781133956105,9781285531847

6th Edition

Authors: William Boyes, Michael Melvin

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