Why do economists generally favor vouchers to achieve an efficient outcome?

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Economics

ISBN: 9781292433639

14th Global Edition

Authors: Michael Parkin

Question Posted: Jan 27, 2024 10:03 PM

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Why do economists generally favor vouchers rather than public production or subsidies to achieve an efficient outcome?
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Why do economists generally favor vouchers to achieve an efficient outcome?

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Economists generally favor vouchers for the following reasons 1 Market Efficiency Vouchers incentivize market competition When the government gives co...View the full answer

Economics

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