Question
A. Define Government Failure B . Explain how each of the following lead to Government Failure 1. The Special Interest Effect 2. The Shortsightedness Effect
A. Define Government Failure
B. Explain how each of the following lead to Government Failure
1. The Special Interest Effect
2. The Shortsightedness Effect
3. Rent-Seeking Behavior
4. Crony Capitalism
Please use your own words
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Managerial Economics and Strategy
Authors: Jeffrey M. Perloff, James A. Brander
2nd edition
134167879, 134167872, 9780134168319 , 978-0134167879
