The government often intervenes to solve market failure problems. But the government may have failures of its
Question:
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?
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a. inefficiencies due to incentives of individuals in government
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b. using votes to allocate goods and services rather than markets
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c. adverse selection
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d. moral hazard
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e. natural monopolies
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