{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-12T12:12:50-04:00", "answer_date": "2024-06-12 12:12:50", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "2804684", "url": "\/study-help\/questions\/the-logic-of-politics-often-leads-to-very-different-market-2804684", "question_creation_date_js": "2024-06-12T12:12:50-04:00", "question_creation_date": "Jun 12, 2024 12:12 PM", "meta_title": "[Solved] The logic of politics often leads to very | SolutionInn", "meta_description": "Answer of - The logic of politics often leads to very different market outcomes than if the logic of economics were being used to | SolutionInn", "meta_keywords": "logic,politics,leads,market,outcomes,economics,allocate,scarce,resources,discussions,covered,concept", "question_title_h1": "The logic of politics often leads to very different market outcomes than if the logic of economics were being used to allocate scarce resources. In", "question_title": "The logic of politics often leads to very different market outcomes than", "question_title_for_js_snippet": "The logic of politics often leads to very different market outcomes than if the logic of economics were being used to allocate scarce resources In our discussions,we covered a concept called concentrated benefits, dispersed costs that might help one understand this disparity Briefly explain what the concept means and then give an example of applying it to say, farm price supports (a type of price control we covered, but other examples may be used) ", "question_description": "

The logic of politics often leads to very different market outcomes than if the logic of economics were being used to allocate scarce resources. In our discussions,we covered a concept called \"concentrated benefits, dispersed costs\" that might help one understand this disparity. Briefly explain what the concept means and then give an example of applying it to say, farm price supports (a type of price control we covered, but other examples may be used).<\/p>", "transcribed_text": "", "related_book": { "title": "Public Finance A Contemporary Application of Theory to Policy", "isbn": "9781305474253, 1285173953, 1305474252, 978-1285173955", "edition": "11th edition", "authors": "David N Hyman", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/515.jpg", "uri": "\/textbooks\/public-finance-a-contemporary-application-of-theory-to-policy-11th-edition-515", "see_more_uri": "" }, "free_related_book": { "isbn": "0357366387", "uri": "\/textbooks\/federal-tax-research-12th-edition-9780357366387", "name": "Federal Tax Research", "edition": "12th Edition" }, "question_posted": "2024-06-12 12:12:50", "see_more_questions_link": "\/study-help\/questions\/business-banking-2021-September-12", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/relate-the-elements-of-the-strategic-planning-process-to-the", "description": "Relate the elements of the strategic planning process to the concepts of efficiency and effectiveness. 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