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

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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: 9780618992676

4th Edition

Authors: William Boyes , Michael Melvin

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