2 Under what conditions will competition for votes among politicians result in an efficient quantity of a

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2 Under what conditions will competition for votes among politicians result in an efficient quantity of a public good? 3 How do rationally ignorant voters and budget maximizing civil servants prevent competition in the marketplace from producing the efficient quantity of a public good? Do they result in too much or too little public provision of public goods?

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Economics

ISBN: 9781509540235

6th Edition

Authors: Michael Parkin, Melanie Powell, Kent Matthews

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