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All of the following statements regarding rational ignorance are true except A. it results when the cost of information exceeds the expected benefit of acquiring
All of the following statements regarding rational ignorance are trueexcept
A. it results when the cost of information exceeds the expected benefit of acquiring the information.
B. it allows special interest groups to exert political influence.
C.it leads to an efficient outcome.
D. combined with special interest groups, it yields inefficiency in the provision of public goods.
E. none of the above.
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